Asset Management One Co. Ltd. Acquires 20,170 Shares of D. R. Horton Inc (DHI)
Asset Management One Co. Ltd. raised its stake in shares of D. R. Horton Inc (NYSE:DHI) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 574,262 shares of the construction company’s stock after acquiring an additional 20,170 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.15% of D. R. Horton worth $22,882,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Csenge Advisory Group bought a new position in shares of D. R. Horton during the third quarter valued at $237,000. Capital Analysts LLC lifted its holdings in shares of D. R. Horton by 4.4% during the second quarter. Capital Analysts LLC now owns 90,829 shares of the construction company’s stock valued at $3,140,000 after acquiring an additional 3,841 shares during the period. Cetera Investment Advisers bought a new position in shares of D. R. Horton during the second quarter valued at $216,000. Goodman Financial Corp lifted its holdings in shares of D. R. Horton by 4.2% during the third quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock valued at $7,516,000 after acquiring an additional 7,593 shares during the period. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in shares of D. R. Horton by 17.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 34,200 shares of the construction company’s stock valued at $1,182,000 after acquiring an additional 5,200 shares during the period. 84.61% of the stock is owned by institutional investors.
DHI has been the subject of a number of analyst reports. Citigroup lifted their price objective on D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 10th. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Bank of America lifted their price objective on D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 6th. BidaskClub raised D. R. Horton from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $51.00 price objective on shares of D. R. Horton in a report on Sunday, November 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.06.
In other D. R. Horton news, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $287,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at $4,969,021.65. The disclosure for this sale can be found here. Insiders have sold a total of 47,677 shares of company stock valued at $2,118,433 over the last three months. Company insiders own 7.20% of the company’s stock.
D. R. Horton Inc (NYSE DHI) opened at $50.49 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37. D. R. Horton Inc has a twelve month low of $27.21 and a twelve month high of $51.53. The stock has a market capitalization of $19,048.17, a PE ratio of 18.60, a P/E/G ratio of 1.58 and a beta of 1.32.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. research analysts predict that D. R. Horton Inc will post 3.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.125 per share. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, November 30th. D. R. Horton’s payout ratio is currently 18.32%.
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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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