Impala Asset Management LLC lifted its stake in D. R. Horton Inc (NYSE:DHI) by 33.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,266,947 shares of the construction company’s stock after purchasing an additional 314,316 shares during the period. D. R. Horton accounts for approximately 2.3% of Impala Asset Management LLC’s holdings, making the stock its 8th largest position. Impala Asset Management LLC’s holdings in D. R. Horton were worth $64,703,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. purchased a new stake in D. R. Horton in the 4th quarter worth $110,000. Calton & Associates Inc. purchased a new stake in D. R. Horton in the 4th quarter worth $193,000. IBM Retirement Fund purchased a new stake in D. R. Horton in the 3rd quarter worth $201,000. Gofen & Glossberg LLC IL purchased a new stake in D. R. Horton in the 4th quarter worth $204,000. Finally, Court Place Advisors LLC purchased a new stake in D. R. Horton in the 4th quarter worth $204,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.
D. R. Horton Inc (NYSE DHI) opened at $41.90 on Thursday. The firm has a market capitalization of $16,296.16, a PE ratio of 15.69, a PEG ratio of 1.14 and a beta of 1.09. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. D. R. Horton Inc has a 12-month low of $31.91 and a 12-month high of $53.32.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.19%. D. R. Horton’s payout ratio is 18.73%.
In related news, CFO Bill W. Wheat sold 2,670 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $45.01, for a total value of $120,176.70. Following the completion of the transaction, the chief financial officer now owns 101,874 shares of the company’s stock, valued at approximately $4,585,348.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Donald R. Horton sold 178,200 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the completion of the transaction, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at approximately $1,023,606,854.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,899 shares of company stock valued at $9,784,661. Company insiders own 7.20% of the company’s stock.
A number of equities research analysts have issued reports on DHI shares. Barclays increased their price target on D. R. Horton from $34.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Royal Bank of Canada increased their price target on D. R. Horton to $57.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. ValuEngine lowered D. R. Horton from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Buckingham Research increased their price target 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. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 price target on shares of D. R. Horton in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. D. R. Horton currently has an average rating of “Hold” and an average target price 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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