Janus Henderson Group PLC Has $129.32 Million Position in D. R. Horton Inc (DHI)

Janus Henderson Group PLC lessened its position in shares of D. R. Horton Inc (NYSE:DHI) by 28.5% during the third quarter, HoldingsChannel.com reports. The fund owned 3,065,946 shares of the construction company’s stock after selling 1,219,980 shares during the period. Janus Henderson Group PLC’s holdings in D. R. Horton were worth $129,321,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DHI. Qube Research & Technologies Ltd increased its holdings in shares of D. R. Horton by 2,033.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after buying an additional 3,701 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of D. R. Horton in the 2nd quarter worth $162,000. Hollencrest Capital Management bought a new position in shares of D. R. Horton in the 3rd quarter worth $205,000. Atria Investments LLC bought a new position in shares of D. R. Horton in the 2nd quarter worth $214,000. Finally, Zeke Capital Advisors LLC bought a new position in shares of D. R. Horton in the 3rd quarter worth $223,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of DHI opened at $35.81 on Monday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.25 and a quick ratio of 1.31. D. R. Horton Inc has a twelve month low of $32.53 and a twelve month high of $53.32.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.56 billion. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, equities research analysts forecast that D. R. Horton Inc will post 4.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 23rd. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.68%. D. R. Horton’s dividend payout ratio is 14.67%.

DHI has been the topic of a number of research analyst reports. ValuEngine lowered shares of D. R. Horton from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 17th. Bank of America set a $65.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a report on Thursday, October 11th. Wedbush reissued an “outperform” rating and issued a $47.00 price target on shares of D. R. Horton in a report on Friday, September 14th. Barclays set a $51.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th. Finally, Wells Fargo & Co decreased their price target on shares of D. R. Horton from $62.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. D. R. Horton presently has a consensus rating of “Buy” and an average target price of $47.86.

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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.

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

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