Sciencast Management LP Acquires New Holdings in D. R. Horton Inc (DHI)

Sciencast Management LP acquired a new position in shares of D. R. Horton Inc (NYSE:DHI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,284 shares of the construction company’s stock, valued at approximately $467,000.

Other large investors have also recently made changes to their positions in the company. Tiemann Investment Advisors LLC purchased a new stake in shares of D. R. Horton during the fourth quarter worth $203,000. Koch Industries Inc. purchased a new stake in shares of D. R. Horton during the fourth quarter worth $204,000. NuWave Investment Management LLC raised its holdings in shares of D. R. Horton by 10,085.7% during the first quarter. NuWave Investment Management LLC now owns 4,278 shares of the construction company’s stock worth $187,000 after acquiring an additional 4,236 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in D. R. Horton by 257.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,645 shares of the construction company’s stock worth $204,000 after buying an additional 3,344 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in D. R. Horton during the fourth quarter worth $241,000. Institutional investors and hedge funds own 82.82% of the company’s stock.

Several equities analysts have commented on DHI shares. ValuEngine raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. Credit Suisse Group set a $55.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Thursday, April 26th. Mizuho reissued a “hold” rating and set a $47.00 target price on shares of D. R. Horton in a research report on Thursday, March 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 target price on shares of D. R. Horton in a research report on Wednesday, March 21st. Finally, Wedbush raised shares of D. R. Horton from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $43.44 to $50.00 in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $51.56.



Shares of NYSE:DHI opened at $42.84 on Friday. The stock has a market capitalization of $16.17 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. D. R. Horton Inc has a 52-week low of $33.27 and a 52-week high of $53.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.07 and a current ratio of 7.36.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. sell-side analysts predict that D. R. Horton Inc will post 3.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, May 10th. D. R. Horton’s dividend payout ratio is currently 18.25%.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D. R. Horton Inc (NYSE:DHI).

Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply