Mackay Shields LLC Buys New Stake in D. R. Horton (DHI)

Mackay Shields LLC bought a new position in shares of D. R. Horton (NYSE:DHI) during the 1st quarter, Holdings Channel reports. The fund bought 57,446 shares of the construction company’s stock, valued at approximately $2,518,000.

A number of other large investors also recently added to or reduced their stakes in DHI. Buckingham Capital Management Inc. grew its position in D. R. Horton by 5.3% during the 3rd quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock worth $984,000 after purchasing an additional 1,240 shares during the last quarter. Gofen & Glossberg LLC IL purchased a new stake in D. R. Horton during the 4th quarter worth approximately $204,000. Schwab Charles Investment Management Inc. grew its position in D. R. Horton by 1.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,203,010 shares of the construction company’s stock worth $61,438,000 after purchasing an additional 20,342 shares during the last quarter. Charter Trust Co. grew its position in D. R. Horton by 11.3% during the 4th quarter. Charter Trust Co. now owns 12,823 shares of the construction company’s stock worth $655,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in D. R. Horton during the 4th quarter worth approximately $2,571,000. 84.01% of the stock is currently owned by institutional investors.

In other news, insider David V. Auld sold 4,930 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $42.28, for a total transaction of $208,440.40. Following the completion of the sale, the insider now owns 237,861 shares of the company’s stock, valued at $10,056,763.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael W. Hewatt sold 3,423 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $41.84, for a total transaction of $143,218.32. The disclosure for this sale can be found here. Insiders have sold 27,126 shares of company stock valued at $1,154,224 over the last 90 days. 7.20% of the stock is currently owned by company insiders.

Several analysts have weighed in on the stock. ValuEngine downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Mizuho reissued a “hold” rating and set a $47.00 target price on shares of D. R. Horton in a research report on Thursday, March 22nd. Royal Bank of Canada reissued a “buy” rating and set a $58.00 target price on shares of D. R. Horton in a research report on Monday, February 5th. Keefe, Bruyette & Woods restated a “hold” rating and set a $52.00 price objective on shares of D. R. Horton in a research note on Wednesday, March 21st. Finally, Wedbush restated an “outperform” rating and set a $50.00 price objective on shares of D. R. Horton in a research note on Friday, March 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. D. R. Horton currently has a consensus rating of “Buy” and an average price target of $51.56.

Shares of D. R. Horton opened at $41.39 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.07, a current ratio of 7.36 and a debt-to-equity ratio of 0.39. D. R. Horton has a 12 month low of $39.98 and a 12 month high of $41.01. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.05 and a beta of 1.11.

D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. D. R. Horton had a net margin of 7.58% and a return on equity of 15.83%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the business posted $0.60 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. equities research analysts forecast that D. R. Horton will post 3.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, May 10th. D. R. Horton’s dividend payout ratio is presently 18.25%.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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