Nomura Asset Management Co. Ltd. increased its stake in D. R. Horton Inc (NYSE:DHI) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,158 shares of the construction company’s stock after purchasing an additional 1,333 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in D. R. Horton were worth $2,119,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sage Capital Advisors llc purchased a new position in D. R. Horton during the 4th quarter valued at about $31,000. Proficio Capital Partners LLC increased its holdings in D. R. Horton by 125.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,107 shares of the construction company’s stock valued at $38,000 after acquiring an additional 615 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in D. R. Horton by 80.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,800 shares of the construction company’s stock valued at $62,000 after acquiring an additional 800 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in D. R. Horton by 22.1% during the 4th quarter. AdvisorNet Financial Inc now owns 2,166 shares of the construction company’s stock valued at $75,000 after acquiring an additional 392 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in D. R. Horton by 7,047.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,694,226 shares of the construction company’s stock valued at $78,000 after acquiring an additional 2,656,532 shares in the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.
In other D. R. Horton news, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $34.40, for a total value of $344,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 4,000 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $36.79, for a total transaction of $147,160.00. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $207,863.50. The disclosure for this sale can be found here. Insiders sold a total of 191,833 shares of company stock valued at $6,910,702 over the last three months. 6.87% of the stock is owned by corporate insiders.
Shares of NYSE DHI opened at $40.80 on Friday. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $47.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.85 and a quick ratio of 0.73. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 0.88 and a beta of 1.23.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). D. R. Horton had a net margin of 9.59% and a return on equity of 17.51%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the company posted $0.49 earnings per share. D. R. Horton’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that D. R. Horton Inc will post 3.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Monday, February 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, February 8th. D. R. Horton’s payout ratio is 14.67%.
Several equities analysts have weighed in on the stock. ValuEngine upgraded shares of D. R. Horton from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Raymond James downgraded shares of D. R. Horton from a “strong-buy” rating to a “market perform” rating and set a $39.43 price target for the company. in a report on Thursday, February 14th. Credit Suisse Group set a $46.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, February 15th. Wedbush downgraded shares of D. R. Horton from an “outperform” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, February 21st. Finally, Zelman & Associates raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.32.
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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.
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