9,604 Shares in D. R. Horton Inc (DHI) Acquired by NumerixS Investment Technologies Inc

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NumerixS Investment Technologies Inc acquired a new position in shares of D. R. Horton Inc (NYSE:DHI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,604 shares of the construction company’s stock, valued at approximately $389,000.

A number of other hedge funds also recently made changes to their positions in the business. Investec Asset Management LTD acquired a new position in D. R. Horton during the 2nd quarter worth $21,851,000. Federated Investors Inc. PA grew its holdings in D. R. Horton by 454.7% during the 2nd quarter. Federated Investors Inc. PA now owns 1,337,099 shares of the construction company’s stock worth $54,821,000 after acquiring an additional 1,096,050 shares in the last quarter. Tyers Asset Management LLC grew its holdings in D. R. Horton by 1.3% during the 2nd quarter. Tyers Asset Management LLC now owns 88,060 shares of the construction company’s stock worth $3,611,000 after acquiring an additional 1,148 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in D. R. Horton by 185.6% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 50,320 shares of the construction company’s stock worth $2,063,000 after acquiring an additional 32,704 shares in the last quarter. Finally, FMR LLC lifted its position in shares of D. R. Horton by 1.8% in the 2nd quarter. FMR LLC now owns 12,797,426 shares of the construction company’s stock worth $524,694,000 after buying an additional 223,953 shares during the last quarter. 83.89% of the stock is owned by institutional investors.

DHI has been the topic of a number of recent research reports. Evercore ISI upgraded shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a research report on Friday, July 27th. Citigroup reduced their price target on shares of D. R. Horton from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 20th. Wedbush raised their price target on shares of D. R. Horton from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 3rd. JMP Securities reduced their price target on shares of D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating on the stock in a research report on Friday, July 27th. Finally, MKM Partners reduced their price target on shares of D. R. Horton to $52.00 and set a “neutral” rating on the stock in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $54.27.

In related news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at approximately $495,110. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.74% of the company’s stock.

D. R. Horton stock opened at $44.68 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06. D. R. Horton Inc has a 1 year low of $35.29 and a 1 year high of $53.32. The stock has a market capitalization of $16.75 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.09.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.10. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.32 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. D. R. Horton’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. research analysts expect that D. R. Horton Inc will post 4.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $0.50 annualized dividend and a yield of 1.12%. D. R. Horton’s dividend payout ratio is presently 18.25%.

D. R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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