Eads & Heald Investment Counsel trimmed its stake in shares of D. R. Horton Inc (NYSE:DHI) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,168 shares of the construction company’s stock after selling 2,194 shares during the period. Eads & Heald Investment Counsel’s holdings in D. R. Horton were worth $1,336,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of D. R. Horton in the second quarter worth about $100,000. Tower Research Capital LLC TRC increased its position in D. R. Horton by 179.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after purchasing an additional 2,306 shares during the last quarter. Advisory Services Network LLC increased its position in D. R. Horton by 131.9% during the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,250 shares during the last quarter. Court Place Advisors LLC acquired a new stake in D. R. Horton during the fourth quarter worth about $204,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in D. R. Horton during the fourth quarter worth about $204,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman Donald R. Horton sold 11,618 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $44.81, for a total value of $520,602.58. Following the sale, the chairman now directly owns 23,385,245 shares in the company, valued at approximately $1,047,892,828.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Donald R. Horton sold 178,200 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the completion of the sale, the chairman now owns 23,232,112 shares in the company, valued at $1,023,606,854.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 227,818 shares of company stock worth $10,206,387. Corporate insiders own 7.20% of the company’s stock.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. sell-side analysts anticipate that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. D. R. Horton’s dividend payout ratio (DPR) is presently 16.84%.
A number of brokerages have weighed in on DHI. BTIG Research lifted their price target on shares of D. R. Horton to $62.00 in a research report on Thursday, December 14th. ValuEngine cut shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Royal Bank of Canada restated a “buy” rating and issued a $51.00 price objective on shares of D. R. Horton in a report on Sunday, November 12th. UBS Group began coverage on shares of D. R. Horton in a report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, KeyCorp lifted their price target on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. D. R. Horton currently has an average rating of “Hold” and a consensus target price of $52.69.
D. R. Horton 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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