D. R. Horton Inc (DHI) Position Trimmed by Greenhaven Associates Inc.
Greenhaven Associates Inc. lessened its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,189,482 shares of the construction company’s stock after selling 25,300 shares during the period. D. R. Horton makes up approximately 6.3% of Greenhaven Associates Inc.’s portfolio, making the stock its 7th biggest holding. Greenhaven Associates Inc.’s holdings in D. R. Horton were worth $418,237,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Grassi Investment Management acquired a new position in D. R. Horton during the fourth quarter worth $212,000. Jaffetilchin Investment Partners LLC acquired a new position in D. R. Horton during the fourth quarter worth $1,320,000. Shelton Capital Management grew its holdings in D. R. Horton by 80.3% during the third quarter. Shelton Capital Management now owns 132,695 shares of the construction company’s stock worth $5,299,000 after acquiring an additional 59,100 shares during the period. Optimum Investment Advisors grew its holdings in D. R. Horton by 112.2% during the third quarter. Optimum Investment Advisors now owns 31,350 shares of the construction company’s stock worth $1,252,000 after acquiring an additional 16,575 shares during the period. Finally, Jana Partners LLC acquired a new position in D. R. Horton during the third quarter worth $5,391,000. 83.94% of the stock is currently owned by hedge funds and other institutional investors.
D. R. Horton Inc (DHI) traded up $1.07 on Thursday, reaching $52.04. The company’s stock had a trading volume of 4,170,686 shares, compared to its average volume of 3,612,223. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. The stock has a market capitalization of $19,540.00, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. D. R. Horton Inc has a one year low of $27.97 and a one year high of $53.32.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.96%. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, November 30th. D. R. Horton’s payout ratio is presently 18.25%.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Michael J. Murray sold 7,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the sale, the chief operating officer now owns 56,304 shares in the company, valued at $2,715,541.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,677 shares of company stock worth $1,410,293. 6.74% of the stock is owned by company insiders.
DHI has been the topic of a number of recent analyst reports. Bank of America upped their price objective on D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 6th. UBS Group initiated coverage on D. R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective on the stock. KeyCorp upped their price objective on D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays upped their price objective on D. R. Horton from $34.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, ValuEngine lowered D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. D. R. Horton currently has an average rating of “Buy” and an average target price of $47.35.
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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