Mirae Asset Global Investments Co. Ltd. raised its stake in D. R. Horton Inc (NYSE:DHI) by 150.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,096 shares of the construction company’s stock after purchasing an additional 15,057 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in D. R. Horton were worth $1,059,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DHI. Jennison Associates LLC acquired a new position in D. R. Horton during the second quarter worth approximately $680,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in D. R. Horton during the second quarter worth approximately $1,474,000. Engineers Gate Manager LP acquired a new position in D. R. Horton during the second quarter worth approximately $402,000. Nomura Asset Management Co. Ltd. increased its position in D. R. Horton by 3.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 55,931 shares of the construction company’s stock worth $2,293,000 after buying an additional 1,639 shares during the period. Finally, Mackay Shields LLC increased its position in D. R. Horton by 5.8% during the second quarter. Mackay Shields LLC now owns 60,758 shares of the construction company’s stock worth $2,491,000 after buying an additional 3,312 shares during the period. 79.22% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Bill W. Wheat sold 12,892 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $37.71, for a total value of $486,157.32. Following the transaction, the chief financial officer now owns 145,180 shares of the company’s stock, valued at $5,474,737.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael J. Murray sold 31,000 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $37.13, for a total value of $1,151,030.00. Following the completion of the transaction, the chief operating officer now directly owns 112,101 shares in the company, valued at approximately $4,162,310.13. The disclosure for this sale can be found here. Insiders own 6.74% of the company’s stock.

Several research analysts have commented on the company. ValuEngine raised D. R. Horton from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Credit Suisse Group set a $45.00 price target on D. R. Horton and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Wedbush set a $43.00 price target on D. R. Horton and gave the stock a “buy” rating in a research report on Friday, November 9th. BTIG Research cut their price target on D. R. Horton to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Finally, Barclays reaffirmed a “buy” rating and set a $41.00 price target on shares of D. R. Horton in a research report on Friday, November 9th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. D. R. Horton has a consensus rating of “Buy” and a consensus price target of $47.86.

NYSE:DHI opened at $35.50 on Friday. The company has a market capitalization of $13.36 billion, a PE ratio of 8.70, a P/E/G ratio of 0.68 and a beta of 1.25. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. D. R. Horton Inc has a 12-month low of $32.53 and a 12-month high of $53.32.

D. R. Horton (NYSE:DHI) last released its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.22. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.56 billion. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Equities analysts predict that D. R. Horton Inc will post 4.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 10th. Stockholders of record on Monday, November 26th were issued a $0.15 dividend. The ex-dividend date was Friday, November 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. D. R. Horton’s payout ratio is presently 14.67%.

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

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