HBK Investments L P purchased a new stake in shares of D. R. Horton Inc (NYSE:DHI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 457,500 shares of the construction company’s stock, valued at approximately $23,365,000. HBK Investments L P owned 0.12% of D. R. Horton as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Raymond James Financial Services Advisors Inc. increased its stake in D. R. Horton by 20.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 42,836 shares of the construction company’s stock valued at $1,710,000 after acquiring an additional 7,369 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in D. R. Horton by 6.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 54,281 shares of the construction company’s stock valued at $2,167,000 after acquiring an additional 3,526 shares during the period. State of Wisconsin Investment Board increased its stake in D. R. Horton by 4.5% during the third quarter. State of Wisconsin Investment Board now owns 477,388 shares of the construction company’s stock valued at $19,062,000 after acquiring an additional 20,551 shares during the period. Daiwa Securities Group Inc. increased its stake in D. R. Horton by 41.3% during the third quarter. Daiwa Securities Group Inc. now owns 14,573 shares of the construction company’s stock valued at $582,000 after acquiring an additional 4,257 shares during the period. Finally, Swiss National Bank increased its stake in D. R. Horton by 1.6% during the third quarter. Swiss National Bank now owns 1,312,874 shares of the construction company’s stock valued at $52,423,000 after acquiring an additional 20,300 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.
Several brokerages recently issued reports on DHI. Wedbush upgraded D. R. Horton from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $43.44 to $50.00 in a research note on Wednesday, March 7th. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America boosted their price target on D. R. Horton to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Mizuho set a $56.00 price objective on D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $52.69.
D. R. Horton (NYSE:DHI) last announced its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. D. R. Horton’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. research analysts anticipate that D. R. Horton Inc will post 3.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 22nd. D. R. Horton’s payout ratio is currently 18.73%.
In other news, Director Barbara K. Allen sold 3,667 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the transaction, the director now directly owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael W. Hewatt sold 3,423 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $41.84, for a total value of $143,218.32. The disclosure for this sale can be found here. Insiders sold a total of 245,602 shares of company stock worth $10,828,080 over the last three months. 6.74% of the stock is owned by company insiders.
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D. R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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