Psagot Investment House Ltd. Has $519,000 Stake in D. R. Horton Inc (DHI)
Psagot Investment House Ltd. raised its stake in shares of D. R. Horton Inc (NYSE:DHI) by 73.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the construction company’s stock after buying an additional 5,500 shares during the quarter. Psagot Investment House Ltd.’s holdings in D. R. Horton were worth $519,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Sirios Capital Management L P bought a new position in shares of D. R. Horton during the 2nd quarter valued at about $36,744,000. Junto Capital Management LP bought a new stake in D. R. Horton in the 2nd quarter valued at approximately $29,747,000. PDT Partners LLC bought a new stake in D. R. Horton in the 2nd quarter valued at approximately $24,522,000. Impala Asset Management LLC lifted its stake in D. R. Horton by 278.8% in the 3rd quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock valued at $38,039,000 after acquiring an additional 701,113 shares in the last quarter. Finally, HAP Trading LLC lifted its stake in D. R. Horton by 574.0% in the 3rd quarter. HAP Trading LLC now owns 713,870 shares of the construction company’s stock valued at $28,505,000 after acquiring an additional 607,951 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.
Several equities research analysts have commented on the company. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Royal Bank Of Canada restated a “buy” rating and issued a $51.00 target price on shares of D. R. Horton in a research note on Sunday, November 12th. Barclays boosted their target price on D. R. Horton from $34.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Zelman & Associates cut D. R. Horton from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Buckingham Research upped their price objective on D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. D. R. Horton has a consensus rating of “Buy” and an average price target of $44.06.
In other news, Director Bradley S. Anderson sold 10,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the sale, the director now directly owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,677 shares of company stock worth $2,262,873. 7.20% of the stock is currently owned by insiders.
D. R. Horton Inc (NYSE DHI) traded down $0.53 during mid-day trading on Thursday, hitting $49.71. The company had a trading volume of 4,999,000 shares, compared to its average volume of 4,048,289. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. D. R. Horton Inc has a 1-year low of $27.21 and a 1-year high of $51.53. The firm has a market cap of $18,841.90, a price-to-earnings ratio of 18.40, a PEG ratio of 1.42 and a beta of 1.32.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. research analysts predict that D. R. Horton Inc will post 3.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.125 per share. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 30th. D. R. Horton’s dividend payout ratio is 18.32%.
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D. R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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