Municipal Employees Retirement System of Michigan bought a new position in D. R. Horton Inc (NYSE:DHI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,110 shares of the construction company’s stock, valued at approximately $662,000.
Other large investors have also added to or reduced their stakes in the company. Sanders Capital LLC lifted its stake in D. R. Horton by 32.1% during the 4th quarter. Sanders Capital LLC now owns 18,594,037 shares of the construction company’s stock valued at $704,810,000 after acquiring an additional 4,517,147 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of D. R. Horton by 7,047.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,694,226 shares of the construction company’s stock valued at $78,000 after purchasing an additional 2,656,532 shares during the last quarter. Lakewood Capital Management LP purchased a new stake in shares of D. R. Horton during the 4th quarter valued at about $35,596,000. Eaton Vance Management increased its position in shares of D. R. Horton by 7,273.8% during the 4th quarter. Eaton Vance Management now owns 994,798 shares of the construction company’s stock valued at $34,480,000 after purchasing an additional 981,307 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of D. R. Horton by 2,118.6% during the 4th quarter. Two Sigma Advisers LP now owns 564,763 shares of the construction company’s stock valued at $19,575,000 after purchasing an additional 539,307 shares during the last quarter. 84.39% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Barbara K. Allen sold 1,410 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $40.47, for a total transaction of $57,062.70. Following the transaction, the director now owns 7,060 shares in the company, valued at $285,718.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $41.28, for a total value of $82,560.00. Following the transaction, the director now owns 9,000 shares in the company, valued at approximately $371,520. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,666 shares of company stock valued at $497,652. Corporate insiders own 6.87% of the company’s stock.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that D. R. Horton Inc will post 3.94 earnings per share for the current fiscal year.
DHI has been the subject of several research reports. Keefe, Bruyette & Woods lowered shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Friday, January 11th. ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Credit Suisse Group reissued a “buy” rating and issued a $46.00 target price on shares of D. R. Horton in a report on Friday, January 11th. Susquehanna Bancshares reissued a “neutral” rating and issued a $49.00 target price (up from $46.00) on shares of D. R. Horton in a report on Wednesday, April 17th. Finally, Wedbush set a $41.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.92.
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D. R. Horton 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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