UBS Asset Management Americas Inc. increased its position in D.R. Horton, Inc. (NYSE:DHI) by 16.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,907,033 shares of the construction company’s stock after acquiring an additional 275,803 shares during the period. UBS Asset Management Americas Inc.’s holdings in D.R. Horton were worth $131,433,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Cresset Asset Management LLC raised its position in D.R. Horton by 2.8% in the fourth quarter. Cresset Asset Management LLC now owns 5,058 shares of the construction company’s stock worth $349,000 after acquiring an additional 136 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of D.R. Horton by 12.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,470 shares of the construction company’s stock worth $101,000 after purchasing an additional 159 shares during the last quarter. Curbstone Financial Management Corp raised its holdings in shares of D.R. Horton by 1.7% in the 4th quarter. Curbstone Financial Management Corp now owns 11,490 shares of the construction company’s stock worth $792,000 after purchasing an additional 190 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its stake in D.R. Horton by 10.5% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 2,236 shares of the construction company’s stock valued at $154,000 after purchasing an additional 213 shares during the last quarter. Finally, AGF Investments LLC boosted its holdings in D.R. Horton by 6.0% during the fourth quarter. AGF Investments LLC now owns 3,873 shares of the construction company’s stock worth $267,000 after buying an additional 218 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on DHI shares. KeyCorp increased their price objective on D.R. Horton from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, March 31st. Barclays boosted their target price on D.R. Horton from $81.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, December 18th. Wolfe Research initiated coverage on D.R. Horton in a research report on Monday, March 22nd. They issued an “outperform” rating and a $94.00 price target for the company. Credit Suisse Group boosted their price objective on D.R. Horton from $88.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Finally, Royal Bank of Canada lifted their target price on shares of D.R. Horton from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $85.95.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Monday, January 25th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.42. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.57 billion. D.R. Horton had a net margin of 11.69% and a return on equity of 20.67%. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. On average, research analysts anticipate that D.R. Horton, Inc. will post 8.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 25th. Shareholders of record on Wednesday, February 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Tuesday, February 16th. D.R. Horton’s dividend payout ratio is 12.99%.
In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of $85.30, for a total value of $426,500.00. Following the sale, the director now directly owns 10,342 shares in the company, valued at $882,172.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 4,000 shares of the stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $421,038. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,419 shares of company stock valued at $1,499,876. Corporate insiders own 0.46% of the company’s stock.
About D.R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.
Further Reading: Dual Listing
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