Gulf International Bank UK Ltd reduced its holdings in D. R. Horton (NYSE:DHI) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,794 shares of the construction company’s stock after selling 1,149 shares during the quarter. Gulf International Bank UK Ltd’s holdings in D. R. Horton were worth $4,813,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Profund Advisors LLC increased its holdings in D. R. Horton by 14.3% in the fourth quarter. Profund Advisors LLC now owns 9,130 shares of the construction company’s stock worth $466,000 after purchasing an additional 1,144 shares in the last quarter. Buckingham Capital Management Inc. increased its holdings in D. R. Horton by 5.3% in the third quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock worth $984,000 after purchasing an additional 1,240 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in D. R. Horton by 18.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 8,793 shares of the construction company’s stock worth $449,000 after purchasing an additional 1,369 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in D. R. Horton by 11.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 16,745 shares of the construction company’s stock worth $855,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in D. R. Horton by 5.2% in the fourth quarter. Advisor Group Inc. now owns 35,360 shares of the construction company’s stock worth $1,807,000 after purchasing an additional 1,759 shares in the last quarter. Institutional investors and hedge funds own 83.76% of the company’s stock.
Shares of D. R. Horton opened at $41.84 on Monday, Marketbeat Ratings reports. D. R. Horton has a 12-month low of $32.47 and a 12-month high of $53.32. The firm has a market cap of $15.79 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.07 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 7.36 and a debt-to-equity ratio of 0.39.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. D. R. Horton’s revenue was up 16.7% compared to the same quarter last year. equities analysts anticipate that D. R. Horton will post 3.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.50 annualized dividend and a yield of 1.20%. D. R. Horton’s dividend payout ratio (DPR) is currently 18.25%.
In related news, Director Barbara K. Allen sold 2,423 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $45.73, for a total transaction of $110,803.79. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $258,374.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael W. Hewatt sold 3,423 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $41.84, for a total value of $143,218.32. The disclosure for this sale can be found here. Insiders have sold 27,126 shares of company stock valued at $1,154,224 in the last quarter. 6.74% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on DHI. Credit Suisse Group restated an “outperform” rating and set a $60.00 price objective (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. Barclays boosted their price objective on D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Bank of America boosted their price objective on D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada restated a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $51.56.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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