D. R. Horton Inc (DHI) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. raised its stake in shares of D. R. Horton Inc (NYSE:DHI) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,260 shares of the construction company’s stock after buying an additional 2,622 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 0.08% of D. R. Horton worth $11,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sirios Capital Management L P purchased a new position in shares of D. R. Horton in the second quarter valued at $36,744,000. Gruss Capital Management LP purchased a new position in shares of D. R. Horton in the third quarter valued at $35,342,000. Junto Capital Management LP purchased a new position in shares of D. R. Horton in the second quarter valued at $29,747,000. PDT Partners LLC purchased a new position in shares of D. R. Horton in the second quarter valued at $24,522,000. Finally, Impala Asset Management LLC grew its holdings in shares of D. R. Horton by 278.8% in the third quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock valued at $38,039,000 after purchasing an additional 701,113 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the completion of the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael J. Murray sold 7,000 shares of D. R. Horton stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the sale, the chief operating officer now owns 56,304 shares of the company’s stock, valued at $2,715,541.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,677 shares of company stock valued at $1,410,293. 7.20% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the stock. BTIG Research raised their target price on shares of D. R. Horton to $62.00 in a report on Thursday. Citigroup raised their target price on shares of D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 10th. JMP Securities set a $45.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a report on Monday, October 16th. Zelman & Associates lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Wedbush lowered shares of D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $45.94.

Shares of D. R. Horton Inc (NYSE:DHI) opened at $49.81 on Thursday. The stock has a market capitalization of $18,755.64, a price-to-earnings ratio of 18.32, a P/E/G ratio of 1.55 and a beta of 1.32. D. R. Horton Inc has a 52-week low of $27.21 and a 52-week high of $51.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. analysts anticipate that D. R. Horton Inc will post 3.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. D. R. Horton’s dividend payout ratio (DPR) is currently 18.32%.

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D. R. Horton Company 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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