D. R. Horton Inc (DHI) Stake Decreased by Pennsylvania Trust Co
Pennsylvania Trust Co lowered its stake in shares of D. R. Horton Inc (NYSE:DHI) by 17.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,805 shares of the construction company’s stock after selling 10,370 shares during the quarter. Pennsylvania Trust Co’s holdings in D. R. Horton were worth $2,441,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in DHI. Gruss Capital Management LP acquired a new stake in shares of D. R. Horton during the third quarter worth approximately $35,342,000. Junto Capital Management LP acquired a new stake in shares of D. R. Horton during the second quarter worth approximately $29,747,000. PDT Partners LLC acquired a new stake in shares of D. R. Horton during the second quarter worth approximately $24,522,000. Impala Asset Management LLC grew its position in shares of D. R. Horton by 278.8% during the third quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock worth $38,039,000 after buying an additional 701,113 shares in the last quarter. Finally, HAP Trading LLC grew its position in shares of D. R. Horton by 574.0% during the third quarter. HAP Trading LLC now owns 713,870 shares of the construction company’s stock worth $28,505,000 after buying an additional 607,951 shares in the last quarter. 83.94% of the stock is owned by institutional investors and hedge funds.
In other news, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $287,160. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the transaction, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,677 shares of company stock valued at $1,410,293. Corporate insiders own 7.20% of the company’s stock.
DHI has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $42.00 price target on shares of D. R. Horton in a research report on Monday, September 25th. KeyCorp reaffirmed a “buy” rating and issued a $41.00 price objective on shares of D. R. Horton in a report on Tuesday, September 26th. Bank of America lifted their price objective on shares of D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Citigroup reaffirmed a “neutral” rating and issued a $42.00 price objective (up previously from $34.00) on shares of D. R. Horton in a report on Monday, October 9th. Finally, JMP Securities set a $45.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.65.
D. R. Horton Inc (DHI) opened at $52.10 on Thursday. The company has a market cap of $19,112.23, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32. 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 1-year low of $27.97 and a 1-year high of $53.32.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same period last year, the firm posted $0.75 EPS. The business’s revenue was up 11.4% compared to the same quarter last year. equities analysts forecast that D. R. Horton Inc will post 3.49 EPS for the current year.
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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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