Sage Capital Advisors llc Decreases Stake in D. R. Horton Inc (DHI)
Sage Capital Advisors llc decreased its position in D. R. Horton Inc (NYSE:DHI) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,190 shares of the construction company’s stock after selling 10,463 shares during the quarter. D. R. Horton accounts for approximately 2.2% of Sage Capital Advisors llc’s holdings, making the stock its 13th largest position. Sage Capital Advisors llc’s holdings in D. R. Horton were worth $3,162,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Sirios Capital Management L P acquired a new position in shares of D. R. Horton in the 2nd quarter worth approximately $36,744,000. Gruss Capital Management LP acquired a new position in D. R. Horton during the 3rd quarter valued at approximately $35,342,000. Junto Capital Management LP acquired a new position in D. R. Horton during the 2nd quarter valued at approximately $29,747,000. PDT Partners LLC acquired a new position in D. R. Horton during the 2nd quarter valued at approximately $24,522,000. Finally, Impala Asset Management LLC boosted its position in D. R. Horton by 278.8% during the 3rd quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock valued at $38,039,000 after purchasing an additional 701,113 shares during the period. Institutional investors own 84.61% of the company’s stock.
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 completion of the transaction, the chief financial officer now owns 100,081 shares in the company, valued at approximately $4,969,021.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total value of $95,720.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $287,160. The disclosure for this sale can be found here. Insiders have sold a total of 28,677 shares of company stock valued at $1,410,293 in the last quarter. 7.20% of the stock is currently owned by insiders.
Shares of D. R. Horton Inc (NYSE DHI) traded up $0.53 during mid-day trading on Friday, reaching $50.34. The company’s stock had a trading volume of 3,708,300 shares, compared to its average volume of 4,037,316. 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 one year low of $27.21 and a one year high of $51.53. The firm has a market cap of $18,680.63, a price-to-earnings ratio of 18.25, a PEG ratio of 1.55 and a beta of 1.32.
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 Zacks’ consensus estimate of $0.86 by ($0.04). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. analysts predict that D. R. Horton Inc will post 3.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s payout ratio is 18.32%.
DHI has been the subject of a number of analyst reports. BidaskClub lowered D. R. Horton from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Wedbush restated an “outperform” rating on shares of D. R. Horton in a research report on Saturday, September 16th. Royal Bank of Canada restated a “buy” rating and set a $42.00 price objective on shares of D. R. Horton in a research report on Monday, September 25th. KeyCorp restated a “buy” rating and set a $41.00 price objective on shares of D. R. Horton in a research report on Tuesday, September 26th. Finally, Bank of America boosted their price objective on D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. D. R. Horton has an average rating of “Buy” and an average price target of $45.94.
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D. R. Horton 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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