HM Payson & Co. purchased a new stake in D. R. Horton Inc (NYSE:DHI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,733 shares of the construction company’s stock, valued at approximately $1,008,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. acquired a new position in D. R. Horton in the 4th quarter valued at approximately $110,000. Calton & Associates Inc. bought a new stake in shares of D. R. Horton in the 4th quarter valued at $193,000. Tiemann Investment Advisors LLC bought a new stake in shares of D. R. Horton in the 4th quarter valued at $203,000. Court Place Advisors LLC bought a new stake in shares of D. R. Horton in the 4th quarter valued at $204,000. Finally, Koch Industries Inc. bought a new stake in shares of D. R. Horton in the 4th quarter valued at $204,000. Hedge funds and other institutional investors own 84.63% of the company’s stock.
A number of research firms have recently commented on DHI. ValuEngine raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Mizuho reaffirmed a “hold” rating and issued a $47.00 price objective on shares of D. R. Horton in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of D. R. Horton in a research note on Friday. Barclays upped their price objective on shares of D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, Bank of America upped their price objective on shares of D. R. Horton to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $51.88.
D. R. Horton Inc (DHI) opened at $43.56 on Friday. The stock has a market cap of $16,705.91, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.16 and a beta of 1.20. D. R. Horton Inc has a 12 month low of $31.98 and a 12 month high of $53.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03.
D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. D. R. Horton’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. analysts predict that D. R. Horton Inc will post 3.82 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, February 22nd. D. R. Horton’s dividend payout ratio is presently 18.73%.
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D. R. Horton 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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