Laurion Capital Management LP Invests $296,000 in D.R. Horton, Inc. (DHI)
Laurion Capital Management LP purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, Holdings Channel reports. The fund purchased 9,800 shares of the company’s stock, valued at approximately $296,000.
Several other institutional investors have also bought and sold shares of the company. Investment House LLC boosted its position in D.R. Horton by 78.4% in the third quarter. Investment House LLC now owns 48,005 shares of the company’s stock worth $1,450,000 after buying an additional 21,090 shares during the period. BOKF NA purchased a new position in shares of D.R. Horton during the third quarter worth about $265,000. Morgan Stanley boosted its position in shares of D.R. Horton by 75.2% in the third quarter. Morgan Stanley now owns 2,844,115 shares of the company’s stock worth $85,892,000 after buying an additional 1,221,140 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of D.R. Horton by 489.4% in the third quarter. Riverhead Capital Management LLC now owns 80,650 shares of the company’s stock worth $2,436,000 after buying an additional 66,966 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of D.R. Horton by 78.9% in the third quarter. Principal Financial Group Inc. now owns 950,489 shares of the company’s stock worth $28,705,000 after buying an additional 419,326 shares during the last quarter. 82.27% of the stock is owned by institutional investors.
Shares of D.R. Horton, Inc. (NYSE:DHI) traded down 0.66% on Friday, reaching $28.50. The company’s stock had a trading volume of 2,360,878 shares. D.R. Horton, Inc. has a 12-month low of $22.97 and a 12-month high of $34.56. The company’s 50 day moving average price is $28.17 and its 200 day moving average price is $30.22. The company has a market cap of $10.63 billion, a P/E ratio of 12.08 and a beta of 1.14.
D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company earned $3.70 billion during the quarter, compared to analysts’ expectations of $2.62 billion. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Analysts forecast that D.R. Horton, Inc. will post $2.67 EPS for the current fiscal year.
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DHI has been the subject of a number of recent research reports. Vetr cut D.R. Horton from a “sell” rating to a “strong sell” rating and set a $25.52 target price for the company. in a report on Monday, November 21st. Royal Bank Of Canada lowered their target price on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. MKM Partners set a $32.00 target price on D.R. Horton and gave the stock a “hold” rating in a report on Wednesday, November 9th. Barclays PLC initiated coverage on D.R. Horton in a report on Thursday, January 5th. They issued an “equal weight” rating and a $28.00 target price for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $36.00 target price on shares of D.R. Horton in a report on Tuesday, November 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. D.R. Horton has an average rating of “Buy” and a consensus price target of $31.88.
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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