Hartford Investment Management Co. Boosts Stake in D. R. Horton Inc (DHI)

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Hartford Investment Management Co. grew its position in shares of D. R. Horton Inc (NYSE:DHI) by 2.1% in the first quarter, Holdings Channel reports. The fund owned 49,608 shares of the construction company’s stock after buying an additional 1,019 shares during the quarter. Hartford Investment Management Co.’s holdings in D. R. Horton were worth $2,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. raised its holdings in D. R. Horton by 22.2% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,374 shares of the construction company’s stock valued at $57,000 after buying an additional 250 shares during the period. JOYN Advisors Inc. increased its stake in D. R. Horton by 37.0% in the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock worth $34,000 after purchasing an additional 268 shares during the period. LS Investment Advisors LLC increased its stake in D. R. Horton by 1.5% in the first quarter. LS Investment Advisors LLC now owns 21,330 shares of the construction company’s stock worth $883,000 after purchasing an additional 310 shares during the period. Oakbrook Investments LLC increased its stake in D. R. Horton by 1.0% in the first quarter. Oakbrook Investments LLC now owns 36,090 shares of the construction company’s stock worth $1,493,000 after purchasing an additional 350 shares during the period. Finally, AdvisorNet Financial Inc increased its stake in D. R. Horton by 22.1% in the fourth quarter. AdvisorNet Financial Inc now owns 2,166 shares of the construction company’s stock worth $75,000 after purchasing an additional 392 shares during the period. Hedge funds and other institutional investors own 84.51% of the company’s stock.

In related news, Director Barbara K. Allen sold 1,410 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $40.47, for a total transaction of $57,062.70. Following the sale, the director now owns 7,060 shares of the company’s stock, valued at $285,718.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael W. Hewatt sold 1,833 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $40.06, for a total value of $73,429.98. Following the sale, the director now directly owns 9,000 shares in the company, valued at approximately $360,540. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,666 shares of company stock worth $350,492. 6.87% of the stock is owned by corporate insiders.

DHI has been the topic of several research reports. Keefe, Bruyette & Woods upgraded D. R. Horton from a “market perform” rating to an “outperform” rating and raised their price target for the company from $41.00 to $45.00 in a research note on Wednesday, January 9th. Credit Suisse Group restated a “buy” rating and set a $46.00 price target on shares of D. R. Horton in a research note on Friday, January 11th. Buckingham Research initiated coverage on D. R. Horton in a research note on Friday, January 11th. They set a “buy” rating on the stock. Zelman & Associates upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Royal Bank of Canada set a $43.00 price target on D. R. Horton and gave the company a “hold” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. D. R. Horton presently has an average rating of “Buy” and a consensus price target of $47.36.

Shares of DHI stock opened at $44.38 on Friday. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $47.02. The stock has a market cap of $16.55 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.03 and a beta of 1.25. 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 (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts anticipate that D. R. Horton Inc will post 3.92 earnings per share for the current fiscal year.

The business 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, May 10th. D. R. Horton’s payout ratio is currently 14.67%.

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

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