D. R. Horton Inc (DHI) Stake Lifted by State of Wisconsin Investment Board
State of Wisconsin Investment Board grew its position in shares of D. R. Horton Inc (NYSE:DHI) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 493,418 shares of the construction company’s stock after purchasing an additional 16,030 shares during the period. State of Wisconsin Investment Board’s holdings in D. R. Horton were worth $25,199,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Financial Private Capital LLC grew its position in shares of D. R. Horton by 11.2% during the 4th quarter. Global Financial Private Capital LLC now owns 77,759 shares of the construction company’s stock valued at $3,971,000 after purchasing an additional 7,829 shares in the last quarter. Toronto Dominion Bank grew its position in D. R. Horton by 13.3% in the fourth quarter. Toronto Dominion Bank now owns 152,682 shares of the construction company’s stock worth $7,798,000 after acquiring an additional 17,910 shares in the last quarter. Barings LLC grew its position in D. R. Horton by 103.0% in the fourth quarter. Barings LLC now owns 46,906 shares of the construction company’s stock worth $2,395,000 after acquiring an additional 23,800 shares in the last quarter. Rational Advisors LLC purchased a new position in D. R. Horton in the fourth quarter worth $731,000. Finally, IBM Retirement Fund grew its position in D. R. Horton by 65.2% in the fourth quarter. IBM Retirement Fund now owns 8,336 shares of the construction company’s stock worth $469,000 after acquiring an additional 3,291 shares in the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.
Several research analysts recently issued reports on the stock. ValuEngine lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 price target on shares of D. R. Horton in a research note on Tuesday, January 9th. Credit Suisse Group reissued an “outperform” rating and issued a $60.00 price target (up from $52.00) on shares of D. R. Horton in a research note on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $56.00 price target on shares of D. R. Horton and gave the stock a “hold” rating in a research note on Thursday, January 18th. Finally, UBS Group reissued a “buy” rating and issued a $58.00 price target (up from $53.00) on shares of D. R. Horton in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.69.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 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 firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. sell-side analysts predict that D. R. Horton Inc will post 3.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s payout ratio is currently 18.73%.
In related news, Chairman Donald R. Horton sold 10,523 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $45.06, for a total value of $474,166.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David V. Auld sold 4,455 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $45.30, for a total transaction of $201,811.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 238,153 shares of company stock valued at $10,650,820. 6.74% of the stock is owned by 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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