Wealth Enhancement Advisory Services LLC bought a new position in shares of D. R. Horton Inc (NYSE:DHI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 52,596 shares of the construction company’s stock, valued at approximately $1,956,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of D. R. Horton by 80.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,800 shares of the construction company’s stock worth $62,000 after acquiring an additional 800 shares during the period. Private Capital Group LLC boosted its stake in shares of D. R. Horton by 30.5% during the 4th quarter. Private Capital Group LLC now owns 3,130 shares of the construction company’s stock worth $108,000 after acquiring an additional 731 shares during the period. First Mercantile Trust Co. boosted its stake in shares of D. R. Horton by 50.9% during the 4th quarter. First Mercantile Trust Co. now owns 3,290 shares of the construction company’s stock worth $114,000 after acquiring an additional 1,110 shares during the period. IMS Capital Management bought a new position in shares of D. R. Horton during the 3rd quarter worth approximately $115,000. Finally, River Wealth Advisors LLC bought a new position in shares of D. R. Horton during the 3rd quarter worth approximately $160,000. Institutional investors own 83.01% of the company’s stock.
Several research analysts have recently commented on DHI shares. Wedbush set a $43.00 target price on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, November 9th. BTIG Research reduced their target price on D. R. Horton to $52.00 and set a “buy” rating for the company in a research note on Friday, November 9th. Barclays reiterated a “buy” rating and set a $41.00 target price on shares of D. R. Horton in a research note on Friday, November 9th. JMP Securities set a $44.00 target price on D. R. Horton and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, Raymond James upgraded D. R. Horton to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.29.
NYSE:DHI opened at $37.72 on Friday. The company has a market cap of $14.36 billion, a P/E ratio of 9.22, a PEG ratio of 0.82 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 6.85 and a debt-to-equity ratio of 0.36. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $47.00.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, equities research analysts forecast that D. R. Horton Inc will post 3.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Monday, February 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 8th. This represents a $0.60 annualized dividend and a yield of 1.59%. D. R. Horton’s payout ratio is currently 14.67%.
In related news, COO Michael J. Murray sold 31,000 shares of D. R. Horton stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $37.13, for a total transaction of $1,151,030.00. Following the completion of the sale, the chief operating officer now directly owns 112,101 shares of the company’s stock, valued at approximately $4,162,310.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bill W. Wheat sold 12,892 shares of D. R. Horton stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $37.71, for a total value of $486,157.32. Following the sale, the chief financial officer now directly owns 145,180 shares of the company’s stock, valued at $5,474,737.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,892 shares of company stock valued at $8,353,387. 6.87% of the stock is currently owned by insiders.
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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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