Algert Global LLC Reduces Position in D. R. Horton Inc (NYSE:DHI)

Algert Global LLC lessened its holdings in D. R. Horton Inc (NYSE:DHI) by 19.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,069 shares of the construction company’s stock after selling 14,712 shares during the quarter. Algert Global LLC’s holdings in D. R. Horton were worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Janney Montgomery Scott LLC bought a new position in shares of D. R. Horton during the 2nd quarter worth $339,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of D. R. Horton in the 2nd quarter valued at about $795,000. Retirement Systems of Alabama raised its holdings in shares of D. R. Horton by 0.9% in the 2nd quarter. Retirement Systems of Alabama now owns 165,712 shares of the construction company’s stock valued at $5,729,000 after acquiring an additional 1,457 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of D. R. Horton by 15.6% in the 2nd quarter. Global X Management Co. LLC now owns 8,151 shares of the construction company’s stock valued at $282,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of D. R. Horton by 15.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 277,802 shares of the construction company’s stock valued at $9,604,000 after acquiring an additional 36,500 shares in the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.

DHI has been the topic of several recent analyst reports. Bank of America raised their price target on D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 6th. UBS Group initiated coverage on D. R. Horton in a report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price target on the stock. KeyCorp raised their price target on D. R. Horton from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Barclays raised their price target on D. R. Horton from $34.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Finally, ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.29.

In other news, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total value of $95,720.00. Following the sale, the director now directly owns 6,000 shares in the company, valued at approximately $287,160. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the sale, the chief financial officer now owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,677 shares of company stock worth $1,410,293. Corporate insiders own 7.20% of the company’s stock.

D. R. Horton Inc (NYSE:DHI) traded down $0.27 on Friday, reaching $51.07. The company had a trading volume of 1,926,763 shares, compared to its average volume of 3,285,997. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. D. R. Horton Inc has a fifty-two week low of $27.21 and a fifty-two week high of $51.83. The company has a market cap of $19,303.99, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. D. R. Horton’s revenue was up 11.4% compared to the same quarter last year. equities research analysts anticipate that D. R. Horton Inc will post 3.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.125 dividend. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, November 30th. D. R. Horton’s dividend payout ratio (DPR) is currently 18.32%.

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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.

Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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