AMP Capital Investors Ltd raised its position in shares of D. R. Horton Inc (NYSE:DHI) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 279,641 shares of the construction company’s stock after buying an additional 41,472 shares during the quarter. AMP Capital Investors Ltd owned about 0.07% of D. R. Horton worth $14,281,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Profund Advisors LLC lifted its position in D. R. Horton by 14.3% during the fourth quarter. Profund Advisors LLC now owns 9,130 shares of the construction company’s stock valued at $466,000 after buying an additional 1,144 shares during the period. Nippon Life Global Investors Americas Inc. lifted its position in D. R. Horton by 32.9% during the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 75,780 shares of the construction company’s stock valued at $3,870,000 after buying an additional 18,770 shares during the period. Renaissance Technologies LLC lifted its position in D. R. Horton by 4.8% during the fourth quarter. Renaissance Technologies LLC now owns 245,938 shares of the construction company’s stock valued at $12,560,000 after buying an additional 11,300 shares during the period. Koch Industries Inc. purchased a new position in D. R. Horton during the fourth quarter valued at $204,000. Finally, Invictus RG purchased a new position in D. R. Horton during the fourth quarter valued at $401,000. 84.67% of the stock is owned by institutional investors and hedge funds.
In related news, Director Michael W. Hewatt sold 3,423 shares of D. R. Horton stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $41.84, for a total value of $143,218.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald R. Horton sold 178,200 shares of D. R. Horton stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.06, for a total value of $7,851,492.00. Following the completion of the sale, the chairman now owns 23,232,112 shares of the company’s stock, valued at $1,023,606,854.72. The disclosure for this sale can be found here. Insiders sold a total of 245,602 shares of company stock valued at $10,828,080 over the last quarter. 6.74% of the stock is owned by corporate insiders.
D. R. Horton Inc (NYSE DHI) opened at $44.34 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. The stock has a market capitalization of $16,670.00, a PE ratio of 14.93, a PEG ratio of 1.15 and a beta of 1.20. D. R. Horton Inc has a 52-week low of $31.98 and a 52-week high of $53.32.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. D. R. Horton’s quarterly revenue was up 14.8% compared to the same quarter last year. research analysts expect that D. R. Horton Inc will post 3.82 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.50 annualized dividend and a yield of 1.13%. D. R. Horton’s payout ratio is 16.84%.
TRADEMARK VIOLATION NOTICE: “AMP Capital Investors Ltd Purchases 41,472 Shares of D. R. Horton Inc (DHI)” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2018/03/13/amp-capital-investors-ltd-purchases-41472-shares-of-d-r-horton-inc-dhi.html.
About D. R. Horton
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.
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).
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.