TCW Group Inc. lowered its stake in shares of D. R. Horton Inc (NYSE:DHI) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 702,506 shares of the construction company’s stock after selling 175,998 shares during the period. TCW Group Inc.’s holdings in D. R. Horton were worth $35,877,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of DHI. Jackson Grant Investment Advisers Inc. acquired a new position in shares of D. R. Horton during the fourth quarter worth $110,000. Calton & Associates Inc. acquired a new position in shares of D. R. Horton during the fourth quarter worth $193,000. Advisory Services Network LLC increased its position in shares of D. R. Horton by 131.9% during the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,250 shares in the last quarter. Court Place Advisors LLC acquired a new position in shares of D. R. Horton during the fourth quarter worth $204,000. Finally, Gofen & Glossberg LLC IL acquired a new position in shares of D. R. Horton during the fourth quarter worth $204,000. Institutional investors own 81.87% of the company’s stock.
DHI has been the topic of a number of recent analyst reports. Wells Fargo & Co reaffirmed an “outperform” rating and set a $62.00 price target (up from $41.00) on shares of D. R. Horton in a research report on Monday, October 23rd. They noted that the move was a valuation call. UBS Group initiated coverage on D. R. Horton in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target on the stock. Mizuho reaffirmed a “hold” rating and set a $38.00 price target on shares of D. R. Horton in a research report on Friday, October 27th. Citigroup upped their price target on D. R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, Buckingham Research upped their price target on D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $52.69.
D. R. Horton Inc (NYSE DHI) opened at $45.54 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. D. R. Horton Inc has a 12-month low of $30.51 and a 12-month high of $53.32. The stock has a market capitalization of $17,130.70, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.22 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last released its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The firm’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 EPS. research analysts predict that D. R. Horton Inc will post 3.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s dividend payout ratio is currently 18.73%.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 3,667 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the sale, the director now directly owns 11,317 shares in the company, valued at $540,613.09. The disclosure for this sale can be found here. Insiders have sold a total of 238,153 shares of company stock worth $10,650,820 over the last ninety days. 6.74% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D. R. Horton Inc (NYSE:DHI).
Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.