BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $11.84 Million Holdings in D. R. Horton Inc (DHI)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in D. R. Horton Inc (NYSE:DHI) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 296,402 shares of the construction company’s stock after selling 21,105 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.08% of D. R. Horton worth $11,835,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of DHI. Mckinley Capital Management LLC Delaware purchased a new stake in D. R. Horton in the 2nd quarter valued at $100,000. Tower Research Capital LLC TRC grew its holdings in D. R. Horton by 179.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after buying an additional 2,306 shares in the last quarter. Evercore Wealth Management LLC grew its holdings in D. R. Horton by 5.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after buying an additional 200 shares in the last quarter. Advisory Services Network LLC grew its holdings in D. R. Horton by 131.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after buying an additional 2,250 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC grew its holdings in D. R. Horton by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the construction company’s stock valued at $159,000 after buying an additional 200 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.
In related news, CFO Bill W. Wheat sold 19,677 shares of the firm’s stock in a transaction dated 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 directly owns 100,081 shares in the company, valued at approximately $4,969,021.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 9,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $37.06, for a total value of $333,540.00. Following the transaction, the director now owns 24,880 shares of the company’s stock, valued at $922,052.80. 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 90 days. 7.20% of the stock is currently owned by company insiders.
Several analysts have issued reports on the company. Buckingham Research upped their target price on D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 target price on shares of D. R. Horton in a report on Monday, September 25th. Mizuho reiterated a “hold” rating and set a $38.00 price target on shares of D. R. Horton in a report on Friday, October 27th. Wedbush reiterated an “outperform” rating on shares of D. R. Horton in a report on Saturday, September 16th. Finally, Zelman & Associates cut D. R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. D. R. Horton has an average rating of “Buy” and a consensus price target of $44.06.
D. R. Horton Inc (NYSE:DHI) opened at $50.78 on Friday. D. R. Horton Inc has a twelve month low of $27.21 and a twelve month high of $51.53. The company has a market capitalization of $19,048.18, a PE ratio of 18.60, a P/E/G ratio of 1.44 and a beta of 1.32. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 9th. The construction company reported $0.82 EPS 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 firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. equities analysts anticipate that D. R. Horton Inc will post 3.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.98%. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. D. R. Horton’s dividend payout ratio (DPR) is 18.32%.
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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.
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