Cwm LLC decreased its stake in shares of D. R. Horton Inc (NYSE:DHI) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 91,367 shares of the construction company’s stock after selling 11,590 shares during the period. Cwm LLC’s holdings in D. R. Horton were worth $4,666,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Mckinley Capital Management LLC Delaware acquired a new position in shares of D. R. Horton during the 2nd quarter worth about $100,000. Tower Research Capital LLC TRC boosted its position in shares of D. R. Horton by 179.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after acquiring an additional 2,306 shares in the last quarter. Evercore Wealth Management LLC boosted its position in shares of D. R. Horton by 5.7% during the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock worth $128,000 after acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of D. R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after acquiring an additional 2,250 shares in the last quarter. Finally, IBM Retirement Fund acquired a new position in shares of D. R. Horton during the 3rd quarter worth about $201,000. Institutional investors own 83.94% of the company’s stock.
In other D. R. Horton news, Director Michael W. Hewatt sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $287,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael J. Murray sold 7,000 shares of the stock in a transaction that occurred 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 directly 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 three months, insiders sold 28,677 shares of company stock valued at $1,410,293. Insiders own 6.74% of the company’s stock.
D. R. Horton (NYSE:DHI) last announced its 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 firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. research analysts anticipate that D. R. Horton Inc will post 3.49 earnings per share for the current year.
DHI has been the subject of several analyst reports. BTIG Research upped their price objective on D. R. Horton to $62.00 in a research report on Thursday, December 14th. UBS Group initiated coverage on D. R. Horton in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. Bank of America upped their price objective on D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $41.00 price objective on shares of D. R. Horton in a research report on Tuesday, September 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 price objective on shares of D. R. Horton in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. D. R. Horton currently has an average rating of “Buy” and an average price target of $47.35.
D. R. Horton 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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