Metropolitan Life Insurance Co. NY lessened its stake in D. R. Horton Inc (NYSE:DHI) by 64.5% in the 4th quarter, Holdings Channel reports. The firm owned 60,491 shares of the construction company’s stock after selling 109,779 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in D. R. Horton were worth $3,089,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of D. R. Horton by 20.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 42,836 shares of the construction company’s stock valued at $1,710,000 after acquiring an additional 7,369 shares during the last quarter. Sei Investments Co. raised its position in shares of D. R. Horton by 4.1% during the 3rd quarter. Sei Investments Co. now owns 93,192 shares of the construction company’s stock valued at $3,721,000 after acquiring an additional 3,705 shares during the last quarter. Commonwealth Equity Services Inc raised its position in shares of D. R. Horton by 6.2% during the 3rd quarter. Commonwealth Equity Services Inc now owns 29,385 shares of the construction company’s stock valued at $1,173,000 after acquiring an additional 1,726 shares during the last quarter. Buckingham Capital Management Inc. raised its position in shares of D. R. Horton by 5.3% during the 3rd quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock valued at $984,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of D. R. Horton by 6.1% during the 3rd quarter. Macquarie Group Ltd. now owns 358,431 shares of the construction company’s stock valued at $14,312,000 after acquiring an additional 20,476 shares during the last quarter. Hedge funds and other institutional investors own 84.63% of the company’s stock.

Several brokerages have commented on DHI. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 target price on shares of D. R. Horton in a research report on Wednesday. Wedbush upgraded shares of D. R. Horton from a “neutral” rating to an “outperform” rating and upped their target price for the company from $43.44 to $50.00 in a research report on Wednesday, March 7th. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 target price on shares of D. R. Horton in a research report on Monday, February 5th. ValuEngine upgraded shares of D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Bank of America upped their target price on shares of D. R. Horton to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. D. R. Horton has an average rating of “Buy” and an average target price of $52.44.

D. R. Horton stock opened at $44.44 on Thursday. D. R. Horton Inc has a fifty-two week low of $31.98 and a fifty-two week high of $53.32. The stock has a market cap of $16,232.25, a price-to-earnings ratio of 16.64, a PEG ratio of 1.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. sell-side analysts expect that D. R. Horton Inc will post 3.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, February 22nd. D. R. Horton’s dividend payout ratio (DPR) is 18.73%.

In other news, Director Barbara K. Allen sold 3,667 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total value of $175,172.59. Following the completion of the transaction, the director now owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 2,423 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $45.73, for a total transaction of $110,803.79. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $258,374.50. The disclosure for this sale can be found here. Insiders sold a total of 245,602 shares of company stock valued at $10,828,080 in the last three months. 6.74% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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