Virtus Fund Advisers LLC decreased its holdings in D. R. Horton Inc (NYSE:DHI) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,857 shares of the construction company’s stock after selling 64,312 shares during the quarter. Virtus Fund Advisers LLC’s holdings in D. R. Horton were worth $11,381,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Jackson Grant Investment Advisers Inc. purchased a new position in D. R. Horton during the 4th quarter worth approximately $110,000. Calton & Associates Inc. purchased a new position in D. R. Horton during the 4th quarter worth approximately $193,000. Advisory Services Network LLC grew 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 worth $137,000 after purchasing an additional 2,250 shares in the last quarter. Court Place Advisors LLC purchased a new position in D. R. Horton during the 4th quarter worth approximately $204,000. Finally, Gofen & Glossberg LLC IL purchased a new position in D. R. Horton during the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.
Several equities analysts have weighed in on the stock. ValuEngine cut shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $56.00 price objective on shares of D. R. Horton in a research report on Tuesday, January 9th. Credit Suisse Group restated an “outperform” rating and set a $60.00 price target (up 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. Mizuho set a $56.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, UBS Group restated a “buy” rating and set a $58.00 price target (up from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. D. R. Horton has a consensus rating of “Hold” and a consensus target price of $52.69.
Shares of D. R. Horton Inc (NYSE:DHI) opened at $45.16 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40. D. R. Horton Inc has a 52 week low of $30.51 and a 52 week high of $53.32. The stock has a market cap of $17,130.70, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.22 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (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 business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business earned $0.55 EPS. D. R. Horton’s quarterly revenue was up 14.8% compared to the same quarter last year. research analysts forecast that D. R. Horton Inc will post 3.75 earnings per share for the current year.
The firm also recently disclosed 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. This represents a $0.50 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s payout ratio is presently 18.73%.
In related news, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total value of $175,172.59. Following the completion of the sale, the director now owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Donald R. Horton sold 178,200 shares of D. R. Horton stock in a transaction 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 completion of the sale, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at approximately $1,023,606,854.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 238,153 shares of company stock valued at $10,650,820. 6.74% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D. R. Horton Inc (NYSE:DHI).
Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.