Gateway Investment Advisers LLC trimmed its position in D. R. Horton Inc (NYSE:DHI) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,824 shares of the construction company’s stock after selling 925 shares during the quarter. Gateway Investment Advisers LLC’s holdings in D. R. Horton were worth $572,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of DHI. Sanders Capital LLC raised its stake in shares of D. R. Horton by 32.1% in the fourth quarter. Sanders Capital LLC now owns 18,594,037 shares of the construction company’s stock valued at $704,810,000 after purchasing an additional 4,517,147 shares in the last quarter. FMR LLC raised its stake in shares of D. R. Horton by 36.0% in the fourth quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock valued at $566,576,000 after purchasing an additional 4,327,013 shares in the last quarter. Norges Bank acquired a new position in shares of D. R. Horton in the fourth quarter valued at $115,236,000. Oregon Public Employees Retirement Fund raised its stake in shares of D. R. Horton by 7,047.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,694,226 shares of the construction company’s stock valued at $78,000 after purchasing an additional 2,656,532 shares in the last quarter. Finally, Lakewood Capital Management LP acquired a new position in shares of D. R. Horton in the fourth quarter valued at $35,596,000. Institutional investors and hedge funds own 84.39% of the company’s stock.
In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $40.20, for a total value of $120,600.00. Following the transaction, the director now owns 9,000 shares of the company’s stock, valued at $361,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael W. Hewatt sold 2,000 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $41.28, for a total value of $82,560.00. Following the completion of the transaction, the director now directly owns 9,000 shares in the company, valued at approximately $371,520. The disclosure for this sale can be found here. Insiders sold 12,666 shares of company stock worth $497,652 in the last three months. Insiders own 6.87% of the company’s stock.
D. R. Horton (NYSE:DHI) last released its earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). D. R. Horton had a net margin of 9.59% and a return on equity of 17.51%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the company posted $0.49 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts anticipate that D. R. Horton Inc will post 3.94 EPS for the current year.
A number of research analysts recently commented on DHI shares. Mizuho upgraded D. R. Horton from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $45.00 in a research note on Wednesday, January 23rd. Credit Suisse Group set a $46.00 target price on D. R. Horton and gave the company a “buy” rating in a research note on Friday, January 25th. Buckingham Research started coverage on D. R. Horton in a research note on Friday, January 11th. They issued a “buy” rating for the company. Raymond James upgraded D. R. Horton to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, December 20th. Finally, JMP Securities set a $44.00 price target on D. R. Horton and gave the company a “buy” rating in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.40.
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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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