Canandaigua National Bank & Trust Co. Purchases New Holdings in D. R. Horton Inc (DHI)
Canandaigua National Bank & Trust Co. purchased a new position in shares of D. R. Horton Inc (NYSE:DHI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,000 shares of the construction company’s stock, valued at approximately $204,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. bought a new position in D. R. Horton during the 4th quarter worth $110,000. Tower Research Capital LLC TRC increased its stake in D. R. Horton by 179.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after acquiring an additional 2,306 shares during the period. Advisory Services Network LLC increased its stake in D. R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after acquiring an additional 2,250 shares during the period. Calton & Associates Inc. bought a new position in D. R. Horton during the 4th quarter worth $193,000. Finally, IBM Retirement Fund bought a new position in D. R. Horton during the 3rd quarter worth $201,000. 83.22% of the stock is owned by institutional investors and hedge funds.
In other news, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the transaction, the director now owns 11,317 shares in the company, valued at approximately $540,613.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $287,160. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,344 shares of company stock worth $1,585,466. Corporate insiders own 6.74% of the company’s stock.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. sell-side analysts expect that D. R. Horton Inc will post 3.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.08%. D. R. Horton’s payout ratio is 18.66%.
A number of research firms have commented on DHI. Buckingham Research raised their price objective on D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Mizuho restated a “hold” rating and set a $38.00 price objective on shares of D. R. Horton in a research note on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a research note on Monday. ValuEngine lowered D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Zelman & Associates lowered D. R. Horton from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.69.
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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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