First Mercantile Trust Co. cut its position in shares of D. R. Horton Inc (NYSE:DHI) by 24.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,470 shares of the construction company’s stock after selling 820 shares during the quarter. First Mercantile Trust Co.’s holdings in D. R. Horton were worth $102,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DHI. River & Mercantile Asset Management LLP acquired a new stake in D. R. Horton during the 4th quarter worth about $2,436,000. Norges Bank bought a new position in shares of D. R. Horton in the 4th quarter valued at $115,236,000. Acadian Asset Management LLC increased its stake in shares of D. R. Horton by 258.8% in the 4th quarter. Acadian Asset Management LLC now owns 4,377 shares of the construction company’s stock valued at $152,000 after purchasing an additional 3,157 shares during the last quarter. Millennium Management LLC increased its stake in shares of D. R. Horton by 20.2% in the 4th quarter. Millennium Management LLC now owns 3,272,712 shares of the construction company’s stock valued at $113,432,000 after purchasing an additional 550,463 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its holdings in shares of D. R. Horton by 5.1% during the 1st quarter. Evermay Wealth Management LLC now owns 8,211 shares of the construction company’s stock valued at $340,000 after acquiring an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.
DHI has been the topic of a number of research analyst reports. Susquehanna Bancshares restated a “neutral” rating and issued a $49.00 target price (up previously from $46.00) on shares of D. R. Horton in a research note on Wednesday, April 17th. Buckingham Research lifted their target price on shares of D. R. Horton from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods downgraded shares of D. R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $45.66 to $37.30 in a research report on Monday, April 22nd. KeyCorp lifted their target price on shares of D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Finally, Wedbush downgraded shares of D. R. Horton from an “outperform” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.23.
Shares of DHI stock traded up $0.50 during trading hours on Friday, hitting $45.96. 2,778,267 shares of the company were exchanged, compared to its average volume of 5,482,143. The firm has a market cap of $16.81 billion, a P/E ratio of 11.24, a PEG ratio of 1.05 and a beta of 1.19. D. R. Horton Inc has a 1 year low of $32.39 and a 1 year high of $47.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 7.27 and a quick ratio of 0.83.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. D. R. Horton had a net margin of 9.39% and a return on equity of 16.96%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts expect that D. R. Horton Inc will post 3.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.31%. D. R. Horton’s payout ratio is presently 14.67%.
In other D. R. Horton news, Director Michael W. Hewatt sold 1,833 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $40.06, for a total transaction of $73,429.98. Following the completion of the sale, the director now directly owns 9,000 shares in the company, valued at approximately $360,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $41.28, for a total value of $82,560.00. Following the sale, the director now owns 9,000 shares of the company’s stock, valued at $371,520. The disclosure for this sale can be found here. Company insiders own 6.87% of the company’s stock.
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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.
Further Reading: Diversification
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