D. R. Horton Inc (DHI) Stake Lowered by Corsair Capital Management L.P.

Corsair Capital Management L.P. lowered its holdings in D. R. Horton Inc (NYSE:DHI) by 38.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,242 shares of the construction company’s stock after selling 10,856 shares during the quarter. Corsair Capital Management L.P.’s holdings in D. R. Horton were worth $727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd grew its stake in D. R. Horton by 2,033.5% during 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. River Wealth Advisors LLC purchased a new position in D. R. Horton during the 3rd quarter worth approximately $160,000. Piedmont Investment Advisors LLC purchased a new position in D. R. Horton during the 2nd quarter worth approximately $162,000. Hollencrest Capital Management purchased a new position in D. R. Horton during the 3rd quarter worth approximately $205,000. Finally, Zeke Capital Advisors LLC purchased a new position in D. R. Horton during the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 79.23% of the company’s stock.

Shares of DHI stock opened at $36.96 on Friday. D. R. Horton Inc has a twelve month low of $32.53 and a twelve month high of $53.32. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.69 and a beta of 1.25. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35.

D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the business posted $0.82 EPS. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that D. R. Horton Inc will post 4.27 EPS for the current year.

The business also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, November 23rd. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

A number of research analysts recently issued reports on the company. ValuEngine upgraded D. R. Horton from a “sell” rating to a “hold” rating in a research note on Thursday. JMP Securities set a $44.00 price target on D. R. Horton and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Mizuho set a $40.00 price target on D. R. Horton and gave the stock a “hold” rating in a research note on Thursday, November 15th. 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. D. R. Horton currently has an average rating of “Buy” and an average target price of $47.86.

In other D. R. Horton news, CFO Bill W. Wheat sold 12,892 shares of D. R. Horton stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $37.71, for a total value of $486,157.32. Following the transaction, the chief financial officer now directly owns 145,180 shares in the company, valued at approximately $5,474,737.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.20% of the company’s stock.

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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 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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