Montag A & Associates Inc. Acquires New Holdings in D.R. Horton, Inc. (DHI)

Montag A & Associates Inc. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,310 shares of the construction company’s stock, valued at approximately $931,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DHI. Bank of Montreal Can lifted its holdings in D.R. Horton by 4.6% during the second quarter. Bank of Montreal Can now owns 182,921 shares of the construction company’s stock valued at $6,324,000 after purchasing an additional 8,021 shares during the last quarter. Creative Planning lifted its holdings in D.R. Horton by 6.9% during the second quarter. Creative Planning now owns 5,665 shares of the construction company’s stock valued at $196,000 after purchasing an additional 364 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in D.R. Horton by 7.8% during the second quarter. State of Alaska Department of Revenue now owns 10,789 shares of the construction company’s stock valued at $372,000 after purchasing an additional 780 shares during the last quarter. National Pension Service lifted its holdings in D.R. Horton by 10.0% during the second quarter. National Pension Service now owns 392,110 shares of the construction company’s stock valued at $13,249,000 after purchasing an additional 35,505 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. lifted its holdings in D.R. Horton by 0.5% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 294,638 shares of the construction company’s stock valued at $10,186,000 after purchasing an additional 1,503 shares during the last quarter. 81.12% of the stock is currently owned by institutional investors and hedge funds.

DHI has been the topic of a number of recent analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $36.00 price target (up from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. BidaskClub downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Wedbush reissued an “outperform” rating on shares of D.R. Horton in a report on Saturday, September 16th. Royal Bank Of Canada reissued a “buy” rating and issued a $42.00 price target on shares of D.R. Horton in a report on Monday, September 25th. Finally, KeyCorp reissued a “buy” rating and issued a $41.00 price target on shares of D.R. Horton in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.06.

Shares of D.R. Horton, Inc. (DHI) traded up $0.55 during trading on Wednesday, reaching $47.64. The company’s stock had a trading volume of 4,560,700 shares, compared to its average volume of 4,045,896. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. The stock has a market capitalization of $17,830.00, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.36 and a beta of 1.28. D.R. Horton, Inc. has a fifty-two week low of $27.15 and a fifty-two week high of $47.91.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. equities analysts expect that D.R. Horton, Inc. will post 3.15 EPS for the current year.

D.R. Horton announced that its board has approved a stock repurchase program on Wednesday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.50 annualized dividend and a yield of 1.05%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.10. D.R. Horton’s dividend payout ratio (DPR) is currently 14.60%.

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In related news, Director Bradley S. Anderson sold 10,000 shares of D.R. Horton stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total value of $374,600.00. Following the completion of the sale, the director now directly owns 36,828 shares in the company, valued at approximately $1,379,576.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael W. Hewatt sold 4,000 shares of D.R. Horton stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total value of $144,440.00. Following the completion of the sale, the director now owns 8,000 shares of the company’s stock, valued at $288,880. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $852,580 in the last three months. Insiders own 7.20% of the company’s stock.

D.R. Horton 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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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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