First Manhattan Co. Acquires 70,900 Shares of D. R. Horton Inc (NYSE:DHI)

First Manhattan Co. raised its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 10.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 741,151 shares of the construction company’s stock after purchasing an additional 70,900 shares during the period. First Manhattan Co. owned 0.20% of D. R. Horton worth $30,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. JOYN Advisors Inc. boosted its holdings in shares of D. R. Horton by 37.0% in the 4th quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after buying an additional 268 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of D. R. Horton by 22.1% in the 4th quarter. AdvisorNet Financial Inc now owns 2,166 shares of the construction company’s stock valued at $75,000 after buying an additional 392 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in D. R. Horton by 6.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,414 shares of the construction company’s stock worth $257,000 after purchasing an additional 420 shares in the last quarter. CWM Advisors LLC boosted its stake in D. R. Horton by 6.1% in the 4th quarter. CWM Advisors LLC now owns 7,688 shares of the construction company’s stock worth $266,000 after purchasing an additional 444 shares in the last quarter. Finally, Occidental Asset Management LLC boosted its stake in D. R. Horton by 5.4% in the 4th quarter. Occidental Asset Management LLC now owns 9,116 shares of the construction company’s stock worth $316,000 after purchasing an additional 463 shares in the last quarter. 84.51% of the stock is currently owned by institutional investors and hedge funds.

DHI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research note on Friday, January 11th. ValuEngine cut shares of D. R. Horton from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Credit Suisse Group reiterated a “buy” rating and issued a $46.00 target price on shares of D. R. Horton in a research note on Friday, January 11th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $49.00 target price (up from $46.00) on shares of D. R. Horton in a research note on Wednesday, April 17th. Finally, Wedbush set a $41.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. D. R. Horton presently has a consensus rating of “Buy” and an average price target of $47.36.

Shares of NYSE DHI opened at $44.13 on Friday. The company has a quick ratio of 0.83, a current ratio of 7.27 and a debt-to-equity ratio of 0.38. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. D. R. Horton Inc has a 12 month low of $32.39 and a 12 month high of $47.02.

D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.04 billion. D. R. Horton had a net margin of 9.39% and a return on equity of 16.96%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, equities research analysts forecast that D. R. Horton Inc will post 3.9 earnings per share for the current year.

The company 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 is Friday, May 10th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

In other news, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $41.28, for a total transaction of $82,560.00. Following the completion of the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $371,520. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 1,410 shares of the business’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 completion of the sale, the director now directly owns 7,060 shares of the company’s stock, valued at approximately $285,718.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,666 shares of company stock valued at $350,492. Insiders own 6.87% of the company’s stock.

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

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