Texas Permanent School Fund reduced its position in shares of D. R. Horton Inc (NYSE:DHI) by 4.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,109 shares of the construction company’s stock after selling 2,763 shares during the quarter. Texas Permanent School Fund’s holdings in D. R. Horton were worth $2,736,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. River & Mercantile Asset Management LLP acquired a new position in shares of D. R. Horton during the 4th quarter worth about $2,436,000. Norges Bank acquired a new position in shares of D. R. Horton during the 4th quarter worth about $115,236,000. Acadian Asset Management LLC grew its position in shares of D. R. Horton by 258.8% during the 4th quarter. Acadian Asset Management LLC now owns 4,377 shares of the construction company’s stock worth $152,000 after buying an additional 3,157 shares during the period. Millennium Management LLC grew its position in shares of D. R. Horton by 20.2% during the 4th quarter. Millennium Management LLC now owns 3,272,712 shares of the construction company’s stock worth $113,432,000 after buying an additional 550,463 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of D. R. Horton during the 1st quarter worth about $1,750,000. 84.77% of the stock is owned by hedge funds and other institutional investors.
In other D. R. Horton news, Director Barbara K. Allen sold 1,410 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $40.47, for a total transaction of $57,062.70. Following the completion of the transaction, the director now owns 7,060 shares of the company’s stock, valued at approximately $285,718.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael W. Hewatt sold 1,833 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $40.06, for a total value of $73,429.98. Following the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $360,540. The disclosure for this sale can be found here. Insiders sold a total of 5,666 shares of company stock valued at $229,892 over the last quarter. 6.87% of the stock is owned by insiders.
Shares of DHI traded up $0.80 on Thursday, hitting $44.85. The company’s stock had a trading volume of 97,856 shares, compared to its average volume of 5,945,153. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 7.27. D. R. Horton Inc has a fifty-two week low of $32.39 and a fifty-two week high of $47.02. The firm has a market capitalization of $16.30 billion, a PE ratio of 10.97, a P/E/G ratio of 1.01 and a beta of 1.25.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the firm earned $0.91 EPS. D. R. Horton’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that D. R. Horton Inc will post 3.9 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. D. R. Horton’s dividend payout ratio is presently 14.67%.
Several equities analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and set a $43.00 target price on shares of D. R. Horton in a research report on Wednesday, January 23rd. Barclays set a $44.00 target price on D. R. Horton and gave the stock a “buy” rating in a research report on Thursday, March 28th. Zelman & Associates upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Royal Bank of Canada set a $43.00 target price on D. R. Horton and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Keefe, Bruyette & Woods lowered D. R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $45.66 to $37.30 in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. D. R. Horton presently has an average rating of “Buy” and an average price target of $47.36.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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