Optimum Investment Advisors boosted its stake in D. R. Horton Inc (NYSE:DHI) by 112.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 31,350 shares of the construction company’s stock after acquiring an additional 16,575 shares during the quarter. Optimum Investment Advisors’ holdings in D. R. Horton were worth $1,252,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in DHI. Sirios Capital Management L P acquired a new stake in D. R. Horton during the 2nd quarter worth $36,744,000. Gruss Capital Management LP acquired a new stake in D. R. Horton during the 3rd quarter worth $35,342,000. Junto Capital Management LP acquired a new stake in D. R. Horton during the 2nd quarter worth $29,747,000. PDT Partners LLC acquired a new stake in D. R. Horton during the 2nd quarter worth $24,522,000. Finally, Impala Asset Management LLC boosted its stake in D. R. Horton by 278.8% during the 3rd quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock worth $38,039,000 after purchasing an additional 701,113 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on DHI. BTIG Research lifted their target price on shares of D. R. Horton to $62.00 in a research note on Thursday. Wedbush cut shares of D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research note on Tuesday. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. ValuEngine cut shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Royal Bank of Canada reissued a “buy” rating and set a $51.00 price target on shares of D. R. Horton in a research report on Sunday, November 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.94.

In related news, COO Michael J. Murray sold 7,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.23, for a total value of $337,610.00. Following the sale, the chief operating officer now directly owns 56,304 shares in the company, valued at approximately $2,715,541.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at $287,160. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,677 shares of company stock worth $1,410,293. 7.20% of the stock is owned by insiders.

Shares of D. R. Horton Inc (DHI) traded up $0.53 during mid-day trading on Friday, hitting $50.34. 3,708,300 shares of the stock traded hands, compared to its average volume of 4,037,316. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. The firm has a market cap of $18,680.63, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. D. R. Horton Inc has a 1 year low of $27.21 and a 1 year high of $51.53.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. analysts expect that D. R. Horton Inc will post 3.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.125 dividend. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 30th. D. R. Horton’s payout ratio is 18.32%.

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

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