D.R. Horton, Inc. (DHI) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA increased its position in D.R. Horton, Inc. (NYSE:DHI) by 70.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 522,083 shares of the construction company’s stock after buying an additional 216,133 shares during the period. Federated Investors Inc. PA owned 0.14% of D.R. Horton worth $18,048,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in D.R. Horton by 4,643.2% in the first quarter. BlackRock Inc. now owns 31,771,328 shares of the construction company’s stock worth $1,058,305,000 after buying an additional 31,101,501 shares during the period. Capital Growth Management LP increased its stake in D.R. Horton by 107.5% in the first quarter. Capital Growth Management LP now owns 3,320,000 shares of the construction company’s stock worth $110,589,000 after buying an additional 1,720,000 shares during the period. Oakmont Corp increased its stake in D.R. Horton by 1,271.8% in the first quarter. Oakmont Corp now owns 1,133,269 shares of the construction company’s stock worth $37,749,000 after buying an additional 1,050,660 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in D.R. Horton by 1,823.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,090,284 shares of the construction company’s stock worth $36,357,000 after buying an additional 1,033,600 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in D.R. Horton by 1,749.9% in the first quarter. Nuveen Asset Management LLC now owns 1,022,867 shares of the construction company’s stock worth $34,072,000 after buying an additional 967,573 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.
D.R. Horton, Inc. (NYSE DHI) opened at 35.78 on Friday. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 13.41 and a beta of 1.25. The stock has a 50 day moving average of $36.28 and a 200-day moving average of $33.84. D.R. Horton, Inc. has a 52-week low of $26.69 and a 52-week high of $37.44.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post $2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 15.04%.
D.R. Horton announced that its board has approved a share buyback plan on Wednesday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
DHI has been the subject of a number of research analyst reports. Deutsche Bank AG restated a “hold” rating and set a $36.00 price objective (up previously from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. Credit Suisse Group initiated coverage on shares of D.R. Horton in a report on Thursday, June 22nd. They set an “outperform” rating and a $38.00 price objective for the company. Raymond James Financial, Inc. upgraded shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a report on Friday, June 30th. Wells Fargo & Company restated an “outperform” rating and set a $41.00 price objective (up previously from $39.00) on shares of D.R. Horton in a report on Monday, July 10th. Finally, BidaskClub upgraded shares of D.R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.59.
In other news, Director Barbara K. Allen sold 1,666 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $36.03, for a total value of $60,025.98. Following the completion of the sale, the director now directly owns 7,316 shares in the company, valued at $263,595.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.20% 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.
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