Swiss National Bank lessened its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,310,774 shares of the construction company’s stock after selling 2,100 shares during the quarter. Swiss National Bank owned 0.34% of D. R. Horton worth $66,941,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Greenhaven Associates Inc. increased its position in D. R. Horton by 0.5% during the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock worth $328,016,000 after purchasing an additional 42,642 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in D. R. Horton by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after acquiring an additional 306,287 shares during the period. Wedge Capital Management L L P NC boosted its holdings in D. R. Horton by 21.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company’s stock worth $134,434,000 after acquiring an additional 588,327 shares during the period. Legal & General Group Plc boosted its holdings in D. R. Horton by 5.2% in the 3rd quarter. Legal & General Group Plc now owns 1,734,225 shares of the construction company’s stock worth $69,244,000 after acquiring an additional 85,163 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in D. R. Horton by 1.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,203,010 shares of the construction company’s stock worth $61,438,000 after acquiring an additional 20,342 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on DHI. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America upped their price target on D. R. Horton to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Barclays upped their price target on D. R. Horton from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Citigroup upped their price target on D. R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Zelman & Associates cut D. R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. D. R. Horton has an average rating of “Hold” and an average target price of $52.69.
D. R. Horton (NYSE:DHI) last released its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. sell-side analysts anticipate that D. R. Horton Inc will post 3.75 earnings per share for the current year.
The firm also recently announced 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. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s dividend payout ratio (DPR) is currently 18.73%.
In other news, COO Michael J. Murray sold 7,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.23, for a total transaction of $337,610.00. Following the completion of the transaction, the chief operating officer now directly owns 56,304 shares in the company, valued at approximately $2,715,541.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $976,963.05. Following the transaction, the chief financial officer now owns 100,081 shares of the company’s stock, valued at $4,969,021.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 227,818 shares of company stock valued at $10,206,387. Company insiders own 7.20% of the company’s stock.
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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.
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