MML Investors Services LLC lifted its stake in shares of D. R. Horton Inc (NYSE:DHI) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,407 shares of the construction company’s stock after purchasing an additional 2,057 shares during the period. MML Investors Services LLC’s holdings in D. R. Horton were worth $1,144,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jackson Grant Investment Advisers Inc. bought a new position in D. R. Horton in the fourth quarter worth about $110,000. Calton & Associates Inc. bought a new position in D. R. Horton in the fourth quarter worth about $193,000. IBM Retirement Fund bought a new position in D. R. Horton in the third quarter worth about $201,000. Gofen & Glossberg LLC IL bought a new position in D. R. Horton in the fourth quarter worth about $204,000. Finally, Court Place Advisors LLC bought a new position in D. R. Horton in the fourth quarter worth about $204,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Donald R. Horton sold 178,200 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the transaction, the chairman now owns 23,232,112 shares in the company, valued at $1,023,606,854.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 3,667 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total transaction of $175,172.59. Following the transaction, the director now owns 11,317 shares in the company, valued at approximately $540,613.09. The disclosure for this sale can be found here. Insiders sold 245,602 shares of company stock worth $10,828,080 in the last 90 days. 6.74% of the stock is owned by company insiders.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the business earned $0.55 earnings per share. D. R. Horton’s revenue was up 14.8% compared to the same quarter last year. equities research analysts forecast that D. R. Horton Inc will post 3.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.125 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. D. R. Horton’s payout ratio is currently 18.73%.
A number of equities analysts have issued reports on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a report on Monday, February 5th. ValuEngine cut shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, December 7th. UBS Group reissued a “buy” rating and issued a $58.00 target price (up previously from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $60.00 target price (up previously from $52.00) on shares of D. R. Horton in a report on Monday, January 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. D. R. Horton presently has a consensus rating of “Buy” and an average target price of $52.69.
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About D. R. Horton
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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