Henderson Group PLC continued to hold its position in shares of D.R. Horton, Inc. (NYSE:DHI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,980 shares of the construction company’s stock at the end of the first quarter. Henderson Group PLC’s holdings in D.R. Horton were worth $1,398,000 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 stock. Intellectus Partners LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $137,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of D.R. Horton by 6.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,190 shares of the construction company’s stock worth $197,000 after buying an additional 425 shares during the period. V Wealth Management LLC acquired a new position in shares of D.R. Horton during the first quarter worth about $203,000. Advisor Partners LLC acquired a new position in shares of D.R. Horton during the first quarter worth about $215,000. Finally, Courier Capital LLC acquired a new position in shares of D.R. Horton during the first quarter worth about $217,000. 83.30% of the stock is owned by institutional investors.
Shares of D.R. Horton, Inc. (NYSE:DHI) traded up 1.368% during mid-day trading on Friday, reaching $33.705. 986,111 shares of the company traded hands. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 13.125 and a beta of 1.12. D.R. Horton, Inc. has a 52 week low of $26.69 and a 52 week high of $34.56. The firm has a 50-day moving average price of $33.18 and a 200 day moving average price of $30.67.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 20th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.10 billion. D.R. Horton had a net margin of 7.40% and a return on equity of 14.10%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post $2.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, May 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.20%. D.R. Horton’s payout ratio is presently 16.13%.
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A number of research analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price target (up from $34.00) on shares of D.R. Horton in a research report on Wednesday, January 25th. Wedbush restated an “outperform” rating and set a $36.00 price objective on shares of D.R. Horton in a research note on Thursday, April 13th. Mizuho began coverage on shares of D.R. Horton in a research note on Tuesday. They set a “neutral” rating and a $32.00 price objective for the company. BTIG Research began coverage on shares of D.R. Horton in a research note on Tuesday, February 7th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Citigroup Inc raised their price objective on shares of D.R. Horton from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, January 25th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $34.54.
In other D.R. Horton news, CFO Bill W. Wheat sold 23,500 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $31.97, for a total transaction of $751,295.00. Following the sale, the chief financial officer now owns 117,697 shares of the company’s stock, valued at $3,762,773.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael J. Murray sold 13,850 shares of the business’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $33.55, for a total transaction of $464,667.50. Following the sale, the chief operating officer now directly owns 33,855 shares in the company, valued at approximately $1,135,835.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,583 shares of company stock worth $1,894,362. Insiders own 7.20% of the company’s stock.
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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