Liberty Mutual Group Asset Management Inc. Trims Position in D. R. Horton Inc (DHI)
Liberty Mutual Group Asset Management Inc. lowered its position in shares of D. R. Horton Inc (NYSE:DHI) by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,575 shares of the construction company’s stock after selling 1,448 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in D. R. Horton were worth $693,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of D. R. Horton in the 4th quarter valued at about $110,000. Calton & Associates Inc. bought a new stake in shares of D. R. Horton in the 4th quarter valued at about $193,000. Court Place Advisors LLC bought a new stake in shares of D. R. Horton in the 4th quarter valued at about $204,000. Gofen & Glossberg LLC IL bought a new stake in shares of D. R. Horton in the 4th quarter valued at about $204,000. Finally, Canandaigua National Bank & Trust Co. bought a new stake in shares of D. R. Horton in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 81.87% of the company’s stock.
In related news, CFO Bill W. Wheat sold 2,670 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $45.01, for a total transaction of $120,176.70. Following the transaction, the chief financial officer now directly owns 101,874 shares of the company’s stock, valued at approximately $4,585,348.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael W. Hewatt sold 3,423 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $41.84, for a total value of $143,218.32. The disclosure for this sale can be found here. Insiders sold a total of 224,322 shares of company stock worth $9,927,879 over the last three months. 7.20% of the stock is owned by company insiders.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. sell-side analysts predict that D. R. Horton Inc will post 3.82 earnings per share for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, February 22nd. D. R. Horton’s dividend payout ratio is 16.84%.
A number of research firms have commented on DHI. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America upped their price target on D. R. Horton to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Barclays upped their price target on D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Citigroup upped their price target on D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, Zelman & Associates lowered D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. D. R. Horton currently has a consensus rating of “Hold” and an average target price of $52.69.
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About D. R. Horton
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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