Ontario Teachers Pension Plan Board Acquires 50,627 Shares of D. R. Horton Inc (DHI)

Ontario Teachers Pension Plan Board increased its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 185.5% during the fourth quarter, Holdings Channel reports. The fund owned 77,923 shares of the construction company’s stock after buying an additional 50,627 shares during the period. Ontario Teachers Pension Plan Board’s holdings in D. R. Horton were worth $3,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. acquired a new position in D. R. Horton during the fourth quarter worth about $110,000. Calton & Associates Inc. acquired a new position in D. R. Horton during the fourth quarter worth about $193,000. IBM Retirement Fund acquired a new position in D. R. Horton during the third quarter worth about $201,000. Gofen & Glossberg LLC IL acquired a new position in D. R. Horton during the fourth quarter worth about $204,000. Finally, Court Place Advisors LLC acquired a new position in D. R. Horton during the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Several research firms have weighed in on DHI. Buckingham Research boosted their target price on shares of D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Mizuho reiterated a “hold” rating and issued a $38.00 target price on shares of D. R. Horton in a report on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a report on Monday, February 5th. ValuEngine lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zelman & Associates lowered shares of 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. The stock has an average rating of “Hold” and an average target price of $52.69.

In other news, Chairman Donald R. Horton sold 178,200 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.06, for a total value of $7,851,492.00. Following the sale, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at approximately $1,023,606,854.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael J. Murray sold 2,357 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $45.00, for a total transaction of $106,065.00. The disclosure for this sale can be found here. Insiders sold a total of 220,899 shares of company stock worth $9,784,661 over the last three months. Insiders own 7.20% of the company’s stock.

Shares of D. R. Horton Inc (DHI) opened at $44.47 on Friday. The stock has a market cap of $16,720.00, a P/E ratio of 14.97, a PEG ratio of 1.18 and a beta of 1.09. D. R. Horton Inc has a 52 week low of $30.61 and a 52 week high of $53.32. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. sell-side analysts anticipate that D. R. Horton Inc will post 3.75 earnings per share 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 $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s dividend payout ratio (DPR) is 16.84%.

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

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