State of Alaska Department of Revenue reduced its stake in shares of D. R. Horton Inc (NYSE:DHI) by 3.9% in the 1st quarter, Holdings Channel reports. The firm owned 80,000 shares of the construction company’s stock after selling 3,287 shares during the quarter. State of Alaska Department of Revenue’s holdings in D. R. Horton were worth $3,308,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. River & Mercantile Asset Management LLP acquired a new position in shares of D. R. Horton during the 4th quarter worth approximately $2,436,000. Norges Bank acquired a new position in shares of D. R. Horton during the 4th quarter worth approximately $115,236,000. Acadian Asset Management LLC raised its position in shares of D. R. Horton by 258.8% during the 4th quarter. Acadian Asset Management LLC now owns 4,377 shares of the construction company’s stock worth $152,000 after purchasing an additional 3,157 shares during the last quarter. Millennium Management LLC raised its position in shares of D. R. Horton by 20.2% during the 4th quarter. Millennium Management LLC now owns 3,272,712 shares of the construction company’s stock worth $113,432,000 after purchasing an additional 550,463 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC acquired a new position in shares of D. R. Horton during the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.
Shares of NYSE DHI opened at $45.35 on Monday. D. R. Horton Inc has a 52-week low of $32.39 and a 52-week high of $46.91. The firm has a market cap of $16.75 billion, a PE ratio of 11.09, a P/E/G ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.85 and a quick ratio of 0.73.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Friday, January 25th. The construction company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). D. R. Horton had a net margin of 9.59% and a return on equity of 17.51%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that D. R. Horton Inc will post 3.92 EPS for the current fiscal year.
In other news, Director Barbara K. Allen sold 1,410 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $40.47, for a total transaction of $57,062.70. Following the completion of the sale, the director now directly owns 7,060 shares of the company’s stock, valued at approximately $285,718.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara K. Allen sold 4,000 shares of the business’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $36.79, for a total transaction of $147,160.00. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $207,863.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,666 shares of company stock valued at $497,652 over the last three months. Corporate insiders own 6.87% of the company’s stock.
Several brokerages recently issued reports on DHI. JMP Securities lifted their price objective on D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Barclays set a $44.00 price target on D. R. Horton and gave the company a “buy” rating in a report on Thursday, March 28th. Zelman & Associates upgraded D. R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. ValuEngine downgraded D. R. Horton from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Wedbush downgraded D. R. Horton from an “outperform” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.89.
About D. R. Horton
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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