Cider Mill Investments LP purchased a new stake in D. R. Horton Inc (NYSE:DHI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 200,100 shares of the construction company’s stock, valued at approximately $10,219,000. D. R. Horton makes up approximately 4.2% of Cider Mill Investments LP’s investment portfolio, making the stock its 9th largest holding. Cider Mill Investments LP owned about 0.05% of D. R. Horton as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of DHI. Elkfork Partners LLC purchased a new position in shares of D. R. Horton in the 4th quarter valued at about $1,574,000. Hanseatic Management Services Inc. purchased a new position in shares of D. R. Horton in the 4th quarter valued at about $645,000. Raymond James & Associates increased its holdings in shares of D. R. Horton by 0.7% in the 4th quarter. Raymond James & Associates now owns 280,165 shares of the construction company’s stock valued at $14,308,000 after acquiring an additional 1,945 shares during the last quarter. HBK Investments L P purchased a new position in shares of D. R. Horton in the 4th quarter valued at about $23,365,000. Finally, Two Sigma Advisers LP purchased a new position in shares of D. R. Horton in the 4th quarter valued at about $11,060,000. 84.67% of the stock is currently owned by institutional investors.
In other D. R. Horton news, Chairman Donald R. Horton sold 10,244 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $42.23, for a total transaction of $432,604.12. Following the completion of the sale, the chairman now directly owns 23,418,979 shares of the company’s stock, valued at approximately $988,983,483.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David V. Auld sold 4,930 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $42.28, for a total value of $208,440.40. Following the sale, the insider now directly owns 237,861 shares of the company’s stock, valued at $10,056,763.08. The disclosure for this sale can be found here. Insiders have sold a total of 245,602 shares of company stock worth $10,828,080 in the last 90 days. 6.74% of the stock is currently owned by company insiders.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The firm 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%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. analysts expect that D. R. Horton Inc will post 3.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. D. R. Horton’s dividend payout ratio is presently 18.73%.
A number of research analysts have recently commented on the company. Wedbush upgraded D. R. Horton from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $43.44 to $50.00 in a report on Wednesday, March 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 price objective on shares of D. R. Horton in a report on Monday, February 5th. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America increased their price objective on D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Barclays increased their price objective on D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Buy” and an average price target of $52.69.
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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