Sentry Investment Management LLC Has $593,000 Position in D.R. Horton, Inc. (DHI)
Sentry Investment Management LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,802 shares of the construction company’s stock after selling 1,136 shares during the period. Sentry Investment Management LLC’s holdings in D.R. Horton were worth $593,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in DHI. Norges Bank bought a new position in D.R. Horton during the fourth quarter valued at $78,051,000. Oakmont Corp raised its position in D.R. Horton by 1,271.8% in the first quarter. Oakmont Corp now owns 1,133,269 shares of the construction company’s stock valued at $37,749,000 after buying an additional 1,050,660 shares during the last quarter. Highbridge Capital Management LLC raised its position in D.R. Horton by 1,082.0% in the fourth quarter. Highbridge Capital Management LLC now owns 1,087,158 shares of the construction company’s stock valued at $29,712,000 after buying an additional 995,183 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in D.R. Horton by 53.3% in the first quarter. TIAA CREF Investment Management LLC now owns 2,597,270 shares of the construction company’s stock valued at $86,515,000 after buying an additional 903,031 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in D.R. Horton by 95.8% in the first quarter. WINTON GROUP Ltd now owns 1,711,417 shares of the construction company’s stock valued at $51,685,000 after buying an additional 837,515 shares during the last quarter. 82.96% of the stock is currently owned by hedge funds and other institutional investors.
D.R. Horton, Inc. (DHI) traded down 0.50% on Friday, hitting $33.65. The company had a trading volume of 3,901,979 shares. The company has a market capitalization of $12.64 billion, a P/E ratio of 13.10 and a beta of 1.29. The stock’s 50-day moving average price is $33.26 and its 200 day moving average price is $31.41. D.R. Horton, Inc. has a one year low of $26.69 and a one year high of $34.94.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 20th. The construction company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. D.R. Horton had a return on equity of 14.10% and a net margin of 7.38%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post $2.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, May 3rd. D.R. Horton’s dividend payout ratio (DPR) is currently 15.63%.
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Several equities analysts have weighed in on DHI shares. Wedbush reissued an “outperform” rating and issued a $36.00 target price on shares of D.R. Horton in a research note on Thursday, April 13th. Barclays PLC increased their target price on D.R. Horton from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 7th. Mizuho started coverage on D.R. Horton in a research note on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.00 target price on shares of D.R. Horton in a research note on Tuesday, June 6th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. D.R. Horton has a consensus rating of “Buy” and a consensus target price of $34.73.
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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