Hi Line Capital Management LLC grew its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,286 shares of the construction company’s stock after purchasing an additional 1,011 shares during the period. D. R. Horton makes up about 3.1% of Hi Line Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Hi Line Capital Management LLC’s holdings in D. R. Horton were worth $6,741,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its stake in D. R. Horton by 2.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 61,977 shares of the construction company’s stock worth $2,673,000 after acquiring an additional 1,213 shares during the last quarter. US Bancorp DE raised its stake in D. R. Horton by 121.1% in the 2nd quarter. US Bancorp DE now owns 182,320 shares of the construction company’s stock worth $7,863,000 after acquiring an additional 99,853 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in D. R. Horton by 14.8% in the 2nd quarter. United Capital Financial Advisers LLC now owns 35,173 shares of the construction company’s stock worth $1,517,000 after acquiring an additional 4,541 shares during the last quarter. Profund Advisors LLC raised its stake in D. R. Horton by 18.8% in the 2nd quarter. Profund Advisors LLC now owns 6,487 shares of the construction company’s stock worth $280,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Castleark Management LLC purchased a new position in D. R. Horton in the 2nd quarter worth $489,000. Hedge funds and other institutional investors own 86.55% of the company’s stock.
NYSE DHI opened at $50.15 on Friday. The stock has a market capitalization of $18.55 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.07 and a beta of 1.05. D. R. Horton Inc has a 52-week low of $32.39 and a 52-week high of $50.89. The firm has a 50-day moving average price of $47.95 and a 200 day moving average price of $44.57. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35.
D. R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.20. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that D. R. Horton Inc will post 4.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.20%. D. R. Horton’s payout ratio is currently 14.67%.
In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total transaction of $346,150.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the director now owns 32,076 shares in the company, valued at $1,481,269.68. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $937,350 over the last 90 days. 6.87% of the stock is currently owned by company insiders.
DHI has been the subject of a number of recent research reports. Royal Bank of Canada set a $46.00 price objective on D. R. Horton and gave the company a “hold” rating in a research note on Wednesday, July 31st. SunTrust Banks initiated coverage on D. R. Horton in a research note on Monday, August 12th. They set a “buy” rating and a $56.00 price objective for the company. Buckingham Research lifted their price objective on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays lifted their price objective on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Seaport Global Securities began coverage on D. R. Horton in a research note on Friday, August 23rd. They set a “buy” rating and a $59.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $49.04.
D. R. Horton Company Profile
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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