Canada Pension Plan Investment Board decreased its stake in shares of D. R. Horton Inc (NYSE:DHI) by 44.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 515,137 shares of the construction company’s stock after selling 411,800 shares during the period. Canada Pension Plan Investment Board owned 0.14% of D. R. Horton worth $21,728,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Tyers Asset Management LLC lifted its position in D. R. Horton by 1.3% during the 2nd quarter. Tyers Asset Management LLC now owns 88,060 shares of the construction company’s stock worth $3,611,000 after buying an additional 1,148 shares in the last quarter. Eagle Asset Management Inc. lifted its position in D. R. Horton by 1.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 104,804 shares of the construction company’s stock worth $4,296,000 after buying an additional 1,331 shares in the last quarter. Flinton Capital Management LLC lifted its position in D. R. Horton by 1.3% during the 2nd quarter. Flinton Capital Management LLC now owns 106,930 shares of the construction company’s stock worth $4,385,000 after buying an additional 1,394 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in D. R. Horton by 4.2% during the 3rd quarter. Bahl & Gaynor Inc. now owns 36,777 shares of the construction company’s stock worth $1,551,000 after buying an additional 1,475 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in D. R. Horton by 4.4% during the 2nd quarter. CIBC Asset Management Inc now owns 36,433 shares of the construction company’s stock worth $1,494,000 after buying an additional 1,526 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.
Shares of NYSE:DHI opened at $37.35 on Friday. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.69 and a beta of 1.26. D. R. Horton Inc has a 1-year low of $32.53 and a 1-year high of $53.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.25 and a quick ratio of 1.31.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.56 billion. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. As a group, sell-side analysts expect that D. R. Horton Inc will post 4.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This is a boost from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. D. R. Horton’s dividend payout ratio is 14.67%.
DHI has been the subject of several recent research reports. MKM Partners dropped their price objective on D. R. Horton to $52.00 and set a “neutral” rating for the company in a report on Friday, August 3rd. Mizuho set a $46.00 price objective on D. R. Horton and gave the stock a “hold” rating in a report on Monday, August 6th. Wedbush reissued an “outperform” rating and set a $47.00 price objective on shares of D. R. Horton in a report on Friday, September 14th. Barclays set a $51.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th. Finally, ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $47.86.
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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.
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