Omnia Family Wealth LLC held its position in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the construction company’s stock at the end of the second quarter. Omnia Family Wealth LLC’s holdings in D.R. Horton were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of DHI. Acadian Asset Management LLC boosted its stake in D.R. Horton by 16,783.6% in the first quarter. Acadian Asset Management LLC now owns 11,312 shares of the construction company’s stock valued at $377,000 after acquiring an additional 11,245 shares in the last quarter. Strs Ohio boosted its stake in D.R. Horton by 8.4% in the first quarter. Strs Ohio now owns 29,503 shares of the construction company’s stock valued at $982,000 after acquiring an additional 2,287 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in D.R. Horton by 1.8% in the first quarter. Great West Life Assurance Co. Can now owns 236,607 shares of the construction company’s stock valued at $7,873,000 after acquiring an additional 4,088 shares in the last quarter. LSV Asset Management acquired a new position in D.R. Horton in the first quarter valued at $356,000. Finally, American Century Companies Inc. acquired a new position in D.R. Horton in the first quarter valued at $9,818,000. 82.31% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Barbara K. Allen sold 1,666 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $36.03, for a total transaction of $60,025.98. Following the completion of the sale, the director now owns 7,316 shares of the company’s stock, valued at approximately $263,595.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.20% of the stock is owned by corporate insiders.
Several equities analysts have issued reports on DHI shares. BidaskClub upgraded shares of D.R. Horton from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $38.00 price objective on shares of D.R. Horton in a research note on Tuesday, June 6th. Bank of America Corporation restated a “buy” rating and issued a $42.00 price objective (up previously from $41.00) on shares of D.R. Horton in a research note on Tuesday, June 27th. Deutsche Bank AG restated a “hold” rating and issued a $36.00 price objective (up previously from $34.00) on shares of D.R. Horton in a research note on Thursday, July 27th. Finally, Mizuho started coverage on shares of D.R. Horton in a research note on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $36.59.
Shares of D.R. Horton, Inc. (DHI) traded up 0.78% during midday trading on Friday, hitting $36.25. 3,741,385 shares of the stock traded hands. D.R. Horton, Inc. has a one year low of $26.69 and a one year high of $37.44. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 13.58 and a beta of 1.24. The firm has a 50-day moving average price of $36.08 and a 200 day moving average price of $34.19.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post $2.78 earnings per share for the current year.
D.R. Horton announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, August 7th. D.R. Horton’s dividend payout ratio is presently 15.04%.
About D.R. Horton
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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