Shine Investment Advisory Services Inc. increased its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 22.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,374 shares of the construction company’s stock after purchasing an additional 250 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in D. R. Horton were worth $57,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of DHI. Sanders Capital LLC increased its position in D. R. Horton by 32.1% during the 4th quarter. Sanders Capital LLC now owns 18,594,037 shares of the construction company’s stock worth $704,810,000 after purchasing an additional 4,517,147 shares in the last quarter. FMR LLC grew its position in D. R. Horton by 36.0% in the fourth quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock valued at $566,576,000 after acquiring an additional 4,327,013 shares in the last quarter. Norges Bank acquired a new stake in D. R. Horton in the fourth quarter valued at approximately $115,236,000. Oregon Public Employees Retirement Fund grew its position in D. R. Horton by 7,047.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,694,226 shares of the construction company’s stock valued at $78,000 after acquiring an additional 2,656,532 shares in the last quarter. Finally, Lakewood Capital Management LP acquired a new stake in D. R. Horton in the fourth quarter valued at approximately $35,596,000. 84.39% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Barbara K. Allen sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $36.79, for a total transaction of $147,160.00. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $207,863.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael W. Hewatt sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $40.20, for a total transaction of $120,600.00. Following the sale, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $361,800. The disclosure for this sale can be found here. Insiders have sold 12,666 shares of company stock valued at $497,652 in the last three months. Corporate insiders own 6.87% of the company’s stock.
DHI stock opened at $45.69 on Wednesday. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $46.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.85 and a quick ratio of 0.73. The company has a market cap of $16.96 billion, a PE ratio of 11.17, a P/E/G ratio of 0.97 and a beta of 1.24.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that D. R. Horton Inc will post 3.94 EPS for the current year.
Several analysts have issued reports on DHI shares. Keefe, Bruyette & Woods raised shares of D. R. Horton from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $45.00 in a research report on Wednesday, January 9th. Credit Suisse Group reaffirmed a “buy” rating and issued a $46.00 price objective on shares of D. R. Horton in a research report on Friday, January 11th. Buckingham Research started coverage on shares of D. R. Horton in a research report on Friday, January 11th. They issued a “buy” rating for the company. JMP Securities set a $44.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a research report on Wednesday, January 2nd. Finally, Zelman & Associates raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.40.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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