Macquarie Group Ltd. Grows Stake in D. R. Horton Inc (NYSE:DHI)

Macquarie Group Ltd. boosted its position in D. R. Horton Inc (NYSE:DHI) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,031 shares of the construction company’s stock after acquiring an additional 33,450 shares during the quarter. Macquarie Group Ltd. owned 0.07% of D. R. Horton worth $8,597,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DHI. PRW Wealth Management LLC acquired a new stake in D. R. Horton in the fourth quarter valued at $30,000. Sage Capital Advisors llc purchased a new stake in D. R. Horton during the 4th quarter worth about $31,000. Semmax Financial Advisors Inc. purchased a new stake in D. R. Horton during the 4th quarter worth about $33,000. JOYN Advisors Inc. increased its position in D. R. Horton by 37.0% during the 4th quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock worth $34,000 after purchasing an additional 268 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in D. R. Horton by 125.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,107 shares of the construction company’s stock worth $38,000 after purchasing an additional 615 shares in the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of D. R. Horton stock traded down $0.45 during trading on Friday, hitting $44.00. The stock had a trading volume of 5,430,699 shares, compared to its average volume of 6,380,118. The company has a quick ratio of 0.73, a current ratio of 6.85 and a debt-to-equity ratio of 0.36. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24. D. R. Horton Inc has a fifty-two week low of $32.39 and a fifty-two week high of $47.02.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.04 billion. D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Analysts anticipate that D. R. Horton Inc will post 3.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 10th. D. R. Horton’s dividend payout ratio is 14.67%.

DHI has been the subject of several recent analyst reports. JMP Securities set a $44.00 price target on D. R. Horton and gave the company a “buy” rating in a report on Wednesday, January 2nd. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Keefe, Bruyette & Woods upgraded D. R. Horton from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $45.00 in a report on Wednesday, January 9th. Buckingham Research initiated coverage on D. R. Horton in a research report on Friday, January 11th. They set a “buy” rating on the stock. Finally, Credit Suisse Group reissued a “buy” rating and set a $46.00 price target on shares of D. R. Horton in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. D. R. Horton presently has an average rating of “Buy” and an average price target of $47.23.

In related news, Director Michael W. Hewatt sold 3,000 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $40.20, for a total value of $120,600.00. Following the completion of the sale, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $361,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 4,000 shares of the stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $36.79, for a total value of $147,160.00. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $207,863.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,666 shares of company stock valued at $497,652. 6.87% of the stock is currently owned by company insiders.

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About D. R. Horton

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

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