D. R. Horton Inc (DHI) Holdings Raised by Norinchukin Bank The
Norinchukin Bank The boosted its position in D. R. Horton Inc (NYSE:DHI) by 13.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 44,134 shares of the construction company’s stock after purchasing an additional 5,222 shares during the period. Norinchukin Bank The’s holdings in D. R. Horton were worth $1,862,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in D. R. Horton by 35.0% in the second quarter. Janus Henderson Group PLC now owns 4,285,926 shares of the construction company’s stock valued at $175,723,000 after acquiring an additional 1,111,840 shares during the last quarter. Federated Investors Inc. PA boosted its stake in D. R. Horton by 454.7% in the second quarter. Federated Investors Inc. PA now owns 1,337,099 shares of the construction company’s stock valued at $54,821,000 after acquiring an additional 1,096,050 shares during the last quarter. Bank of Nova Scotia boosted its stake in D. R. Horton by 1,546.8% in the second quarter. Bank of Nova Scotia now owns 716,869 shares of the construction company’s stock valued at $29,392,000 after acquiring an additional 673,339 shares during the last quarter. Natixis boosted its stake in D. R. Horton by 148.1% in the second quarter. Natixis now owns 1,118,195 shares of the construction company’s stock valued at $45,846,000 after acquiring an additional 667,528 shares during the last quarter. Finally, Investec Asset Management LTD purchased a new position in D. R. Horton in the second quarter valued at about $21,851,000. 82.70% of the stock is owned by institutional investors and hedge funds.
In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at approximately $495,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.20% of the company’s stock.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.22. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.56 billion. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. D. R. Horton’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts forecast that D. R. Horton Inc will post 4.4 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 23rd. This is a boost from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.68%. D. R. Horton’s dividend payout ratio is currently 12.22%.
DHI has been the topic of a number of research analyst reports. Credit Suisse Group set a $45.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Wednesday, October 17th. Bank of America set a $65.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Thursday, October 11th. JMP Securities set a $47.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Tuesday, October 9th. KeyCorp set a $54.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Barclays set a $51.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, September 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.86.
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D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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