Keybank National Association OH decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,189 shares of the construction company’s stock after selling 304 shares during the quarter. Keybank National Association OH’s holdings in D.R. Horton were worth $836,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in DHI. Shufro Rose & Co. LLC lifted its holdings in D.R. Horton by 0.3% in the 1st quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock valued at $379,000 after purchasing an additional 33 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of D.R. Horton by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock worth $503,000 after acquiring an additional 37 shares during the period. BKD Wealth Advisors LLC raised its holdings in shares of D.R. Horton by 0.3% during the 2nd quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock worth $394,000 after acquiring an additional 39 shares during the period. Cleararc Capital Inc. raised its holdings in shares of D.R. Horton by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock worth $276,000 after acquiring an additional 59 shares during the period. Finally, Buckingham Capital Management Inc. raised its holdings in shares of D.R. Horton by 0.5% during the 1st quarter. Buckingham Capital Management Inc. now owns 23,500 shares of the construction company’s stock worth $783,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 82.31% of the company’s stock.
Shares of D.R. Horton, Inc. (NYSE:DHI) opened at 37.34 on Friday. D.R. Horton, Inc. has a 12-month low of $26.69 and a 12-month high of $37.78. The firm has a 50-day moving average price of $36.16 and a 200 day moving average price of $34.37. The firm has a market cap of $13.98 billion, a price-to-earnings ratio of 13.99 and a beta of 1.24.
D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities research analysts anticipate that D.R. Horton, Inc. will post $2.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Monday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 15.04%.
D.R. Horton declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
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Several equities analysts have weighed in on DHI shares. Wells Fargo & Company reissued an “outperform” rating and set a $41.00 price objective (up from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. Wedbush boosted their target price on D.R. Horton from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, July 17th. BidaskClub upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Royal Bank Of Canada boosted their target price on D.R. Horton from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $36.00 price objective (up previously from $34.00) on shares of D.R. Horton in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. D.R. Horton has a consensus rating of “Buy” and a consensus price target of $36.59.
In related news, Director Bradley S. Anderson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total value of $374,600.00. Following the completion of the sale, the director now directly owns 36,828 shares in the company, valued at approximately $1,379,576.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael W. Hewatt sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $36.11, for a total transaction of $144,440.00. Following the sale, the director now owns 8,000 shares of the company’s stock, valued at $288,880. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,666 shares of company stock valued at $579,066. Corporate insiders own 7.20% of the company’s stock.
About D.R. Horton
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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