Gotham Asset Management LLC Reduces Position in D. R. Horton Inc (DHI)

Gotham Asset Management LLC decreased its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 48.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 161,637 shares of the construction company’s stock after selling 153,927 shares during the period. Gotham Asset Management LLC’s holdings in D. R. Horton were worth $8,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its stake in D. R. Horton by 2.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,018,813 shares of the construction company’s stock worth $52,031,000 after acquiring an additional 20,599 shares during the period. Koshinski Asset Management Inc. raised its stake in D. R. Horton by 179.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 45,068 shares of the construction company’s stock worth $2,302,000 after acquiring an additional 28,959 shares during the period. Assenagon Asset Management S.A. acquired a new stake in D. R. Horton during the fourth quarter worth about $56,286,000. Itau Unibanco Holding S.A. raised its stake in D. R. Horton by 11.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 16,745 shares of the construction company’s stock worth $855,000 after acquiring an additional 1,657 shares during the period. Finally, RiverPoint Capital Management LLC raised its stake in D. R. Horton by 2.0% during the fourth quarter. RiverPoint Capital Management LLC now owns 329,621 shares of the construction company’s stock worth $16,834,000 after acquiring an additional 6,483 shares during the period. Hedge funds and other institutional investors own 84.63% of the company’s stock.

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Shares of DHI stock opened at $43.30 on Friday. D. R. Horton Inc has a 12 month low of $31.98 and a 12 month high of $53.32. The company has a market cap of $16,375.10, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The company 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. equities research analysts forecast that D. R. Horton Inc will post 3.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, February 22nd. D. R. Horton’s dividend payout ratio (DPR) is presently 18.73%.

Several research firms recently weighed in on DHI. ValuEngine upgraded shares of D. R. Horton from a “hold” rating to a “buy” rating in a research note on Friday. Wedbush reiterated an “outperform” rating and set a $50.00 price objective on shares of D. R. Horton in a research note on Friday. Mizuho reiterated a “hold” rating and set a $47.00 price objective on shares of D. R. Horton in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 price objective on shares of D. R. Horton in a research note on Wednesday. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. D. R. Horton currently has a consensus rating of “Buy” and an average price target of $51.88.

In other news, Director Barbara K. Allen sold 3,667 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total value of $175,172.59. Following the completion of the transaction, the director now directly owns 11,317 shares in the company, valued at $540,613.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David V. Auld sold 4,986 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $45.00, for a total transaction of $224,370.00. Following the completion of the transaction, the insider now owns 223,485 shares of the company’s stock, valued at $10,056,825. The disclosure for this sale can be found here. Insiders sold 245,602 shares of company stock valued at $10,828,080 over the last quarter. Insiders own 7.20% of the company’s stock.

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

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