Janney Montgomery Scott LLC raised its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 45.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,433 shares of the construction company’s stock after purchasing an additional 10,177 shares during the quarter. Janney Montgomery Scott LLC’s holdings in D. R. Horton were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in DHI. Principal Financial Group Inc. raised its stake in D. R. Horton by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 570,758 shares of the construction company’s stock worth $25,022,000 after buying an additional 2,776 shares during the period. Atria Investments LLC acquired a new stake in D. R. Horton during the 2nd quarter worth $214,000. Amalgamated Bank raised its stake in D. R. Horton by 6.9% during the 2nd quarter. Amalgamated Bank now owns 49,817 shares of the construction company’s stock worth $2,042,000 after buying an additional 3,237 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in D. R. Horton by 154.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,430 shares of the construction company’s stock worth $920,000 after buying an additional 13,630 shares during the period. Finally, James Investment Research Inc. raised its stake in D. R. Horton by 5.2% during the 2nd quarter. James Investment Research Inc. now owns 43,515 shares of the construction company’s stock worth $1,784,000 after buying an additional 2,150 shares during the period. Institutional investors and hedge funds own 82.70% of the company’s stock.
Several analysts recently commented on DHI shares. Bank of America set a $65.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, October 11th. BTIG Research dropped their price objective on D. R. Horton to $52.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. Wedbush set a $43.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, November 9th. Wells Fargo & Co dropped their price target on D. R. Horton from $62.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Finally, Citigroup dropped their price target on D. R. Horton from $42.00 to $38.00 and set a “hold” rating on the stock in a research note on Monday, November 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.86.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect that D. R. Horton Inc will post 4.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be paid a $0.15 dividend. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. D. R. Horton’s dividend payout ratio (DPR) is currently 12.22%.
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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 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.
Further Reading: Understanding Price to Earnings Ratio (PE)
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