Magnetar Financial LLC Purchases Shares of 335,600 D. R. Horton Inc (DHI)

Magnetar Financial LLC purchased a new stake in D. R. Horton Inc (NYSE:DHI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 335,600 shares of the construction company’s stock, valued at approximately $13,401,000. Magnetar Financial LLC owned approximately 0.09% of D. R. Horton as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in D. R. Horton during the second quarter worth about $100,000. Tower Research Capital LLC TRC grew its position in D. R. Horton by 179.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after buying an additional 2,306 shares in the last quarter. Evercore Wealth Management LLC grew its position in D. R. Horton by 5.7% during the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock worth $128,000 after buying an additional 200 shares in the last quarter. Advisory Services Network LLC grew its position in D. R. Horton by 131.9% during the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after buying an additional 2,250 shares in the last quarter. Finally, Seven Bridges Advisors LLC purchased a new position in D. R. Horton during the second quarter worth about $150,000. Institutional investors own 84.61% of the company’s stock.

Several equities research analysts have issued reports on the company. ValuEngine lowered D. R. Horton from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $51.00 price target on shares of D. R. Horton in a research note on Sunday, November 12th. Barclays lifted their price target on D. R. Horton from $34.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Zelman & Associates lowered D. R. Horton from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Buckingham Research lifted their price target on D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. D. R. Horton has a consensus rating of “Buy” and an average price target of $44.06.

D. R. Horton Inc (NYSE:DHI) traded down $0.53 during midday trading on Thursday, hitting $49.71. The stock had a trading volume of 4,999,000 shares, compared to its average volume of 4,048,289. D. R. Horton Inc has a 12 month low of $27.21 and a 12 month high of $51.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. The company has a market cap of $18,841.90, a price-to-earnings ratio of 18.40, a PEG ratio of 1.42 and a beta of 1.32.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s payout ratio is 18.32%.

In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total value of $374,600.00. Following the transaction, the director now directly owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The disclosure for this sale can be found here. In the last three months, insiders sold 51,677 shares of company stock valued at $2,262,873. 7.20% of the stock is currently owned by corporate insiders.

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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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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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