Huntington National Bank lessened its stake in shares of D. R. Horton Inc (NYSE:DHI) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,009 shares of the construction company’s stock after selling 3,579 shares during the quarter. Huntington National Bank’s holdings in D. R. Horton were worth $2,248,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. Jackson Grant Investment Advisers Inc. bought a new stake in D. R. Horton during the 4th quarter valued at $110,000. Tower Research Capital LLC TRC boosted its position in 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 valued at $124,000 after acquiring an additional 2,306 shares in the last quarter. Advisory Services Network LLC boosted its position in 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 valued at $137,000 after acquiring an additional 2,250 shares in the last quarter. IBM Retirement Fund bought a new stake in D. R. Horton during the 3rd quarter valued at $201,000. Finally, Gofen & Glossberg LLC IL bought a new stake in D. R. Horton during the 4th quarter valued at $204,000. 83.22% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on DHI shares. JMP Securities set a $45.00 target price on D. R. Horton and gave the company a “buy” rating in a research report on Monday, October 16th. KeyCorp increased their target price on D. R. Horton from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $62.00 target price (up previously from $41.00) on shares of D. R. Horton in a research report on Monday, October 23rd. They noted that the move was a valuation call. UBS Group started coverage on D. R. Horton in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Mizuho reaffirmed a “hold” rating and set a $38.00 target price on shares of D. R. Horton in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Hold” and a consensus price target of $52.69.
D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. sell-side analysts expect that D. R. Horton Inc will post 3.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.08%. D. R. Horton’s dividend payout ratio (DPR) is 18.73%.
In related news, CFO Bill W. Wheat sold 19,677 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the transaction, the chief financial officer now owns 100,081 shares in the company, valued at approximately $4,969,021.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 3,667 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the completion of the transaction, the director now owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The disclosure for this sale can be found here. Insiders sold a total of 32,344 shares of company stock valued at $1,585,466 in the last 90 days. 7.20% of the stock is currently owned by company insiders.
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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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