Hi Line Capital Management LLC Purchases 634 Shares of D. R. Horton Inc (NYSE:DHI)

Hi Line Capital Management LLC grew its position in D. R. Horton Inc (NYSE:DHI) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,920 shares of the construction company’s stock after purchasing an additional 634 shares during the period. D. R. Horton makes up approximately 3.7% of Hi Line Capital Management LLC’s holdings, making the stock its 8th largest holding. Hi Line Capital Management LLC’s holdings in D. R. Horton were worth $8,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park National Corp OH raised its holdings in shares of D. R. Horton by 12.9% during the 2nd quarter. Park National Corp OH now owns 146,269 shares of the construction company’s stock valued at $6,308,000 after buying an additional 16,664 shares during the period. Beese Fulmer Investment Management Inc. raised its holdings in shares of D. R. Horton by 0.7% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 74,532 shares of the construction company’s stock valued at $3,215,000 after buying an additional 526 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of D. R. Horton by 4.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 37,792 shares of the construction company’s stock valued at $1,630,000 after buying an additional 1,707 shares during the period. Farmers Trust Co. raised its holdings in shares of D. R. Horton by 0.6% during the 2nd quarter. Farmers Trust Co. now owns 87,785 shares of the construction company’s stock valued at $3,786,000 after buying an additional 548 shares during the period. Finally, Zions Bancorporation N.A. raised its holdings in shares of D. R. Horton by 33.8% during the 2nd quarter. Zions Bancorporation N.A. now owns 2,072 shares of the construction company’s stock valued at $89,000 after buying an additional 523 shares during the period. 86.78% of the stock is currently owned by institutional investors and hedge funds.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of D. R. Horton stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total transaction of $346,150.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.87% of the stock is owned by insiders.

DHI stock traded up $1.62 during midday trading on Tuesday, hitting $54.27. 9,465,521 shares of the company’s stock were exchanged, compared to its average volume of 4,893,703. The company has a current ratio of 6.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. D. R. Horton Inc has a 12-month low of $32.39 and a 12-month high of $55.67. The firm has a 50 day moving average price of $52.48 and a 200-day moving average price of $47.56. The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, November 12th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.10. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the business earned $1.22 EPS. D. R. Horton’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that D. R. Horton Inc will post 4.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.175 per share. This is an increase from D. R. Horton’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 1.29%. D. R. Horton’s payout ratio is currently 14.67%.

Several equities research analysts recently commented on DHI shares. BTIG Research reiterated a “buy” rating on shares of D. R. Horton in a report on Monday, September 23rd. JMP Securities raised their target price on D. R. Horton from $49.00 to $52.00 and gave the company a “market outperform” rating in a report on Tuesday, September 17th. SunTrust Banks started coverage on D. R. Horton in a report on Monday, August 12th. They set a “buy” rating and a $56.00 target price on the stock. Seaport Global Securities started coverage on D. R. Horton in a report on Friday, August 23rd. They set a “buy” rating and a $59.00 target price on the stock. Finally, ValuEngine downgraded D. R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.23.

About D. R. Horton

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

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