Man Group plc Boosts Stock Position in D. R. Horton Inc (NYSE:DHI)

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Man Group plc raised its holdings in D. R. Horton Inc (NYSE:DHI) by 1,496.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 361,958 shares of the construction company’s stock after purchasing an additional 339,290 shares during the period. Man Group plc owned about 0.10% of D. R. Horton worth $19,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DHI. Outlook Wealth Advisors LLC increased its holdings in D. R. Horton by 2.6% in the third quarter. Outlook Wealth Advisors LLC now owns 8,390 shares of the construction company’s stock valued at $442,000 after buying an additional 212 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in shares of D. R. Horton by 1.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock valued at $650,000 after acquiring an additional 243 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of D. R. Horton by 0.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 27,450 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 249 shares during the last quarter. Securian Asset Management Inc raised its position in shares of D. R. Horton by 0.8% during the 2nd quarter. Securian Asset Management Inc now owns 34,835 shares of the construction company’s stock valued at $1,502,000 after acquiring an additional 287 shares in the last quarter. Finally, Homrich & Berg raised its position in shares of D. R. Horton by 4.3% during the 2nd quarter. Homrich & Berg now owns 8,026 shares of the construction company’s stock valued at $346,000 after acquiring an additional 331 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the stock. JMP Securities lifted their price objective on shares of D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 17th. Seaport Global Securities started coverage on shares of D. R. Horton in a report on Friday, August 23rd. They issued a “buy” rating and a $59.00 price target for the company. SunTrust Banks boosted their price objective on shares of D. R. Horton from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, November 15th. BTIG Research increased their price objective on shares of D. R. Horton from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, ValuEngine cut shares of D. R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $51.92.

In related news, Director Barbara K. Allen sold 470 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $55.36, for a total value of $26,019.20. Following the completion of the transaction, the director now directly owns 6,120 shares of the company’s stock, valued at approximately $338,803.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.87% of the company’s stock.

Shares of NYSE:DHI opened at $54.85 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 7.25 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $53.43 and its 200 day moving average price is $48.65. The company has a market cap of $20.40 billion, a PE ratio of 12.87, a P/E/G ratio of 1.03 and a beta of 1.00. D. R. Horton Inc has a fifty-two week low of $32.39 and a fifty-two week high of $55.80.

D. R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, November 12th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.25 by $0.10. D. R. Horton had a net margin of 9.20% and a return on equity of 16.63%. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. D. R. Horton’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that D. R. Horton Inc will post 4.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.175 per share. The ex-dividend date is Tuesday, November 26th. This is an increase from D. R. Horton’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.28%. D. R. Horton’s payout ratio is currently 16.32%.

D. R. Horton Profile

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 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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