Bessemer Group Inc. Purchases 8,790 Shares of D. R. Horton Inc (DHI)
Bessemer Group Inc. increased its position in shares of D. R. Horton Inc (NYSE:DHI) by 8,292.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,896 shares of the construction company’s stock after buying an additional 8,790 shares during the period. Bessemer Group Inc.’s holdings in D. R. Horton were worth $454,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in D. R. Horton by 131.9% in the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,250 shares during the last quarter. IBM Retirement Fund purchased a new position in D. R. Horton in the third quarter valued at approximately $201,000. Gofen & Glossberg LLC IL purchased a new position in D. R. Horton in the fourth quarter valued at approximately $204,000. Court Place Advisors LLC purchased a new position in D. R. Horton in the fourth quarter valued at approximately $204,000. Finally, Holderness Investments Co. purchased a new position in D. R. Horton in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
D. R. Horton Inc (NYSE:DHI) opened at $44.84 on Tuesday. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a market cap of $16,860.00, a P/E ratio of 16.73, a PEG ratio of 1.18 and a beta of 1.09. D. R. Horton Inc has a 1 year low of $29.95 and a 1 year high of $53.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. D. R. Horton’s dividend payout ratio (DPR) is presently 18.66%.
In other news, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $287,160. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Donald R. Horton sold 178,200 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the transaction, the chairman now owns 23,232,112 shares in the company, valued at $1,023,606,854.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,544 shares of company stock worth $9,436,958. Insiders own 6.74% of the company’s stock.
Several brokerages have commented on DHI. ValuEngine lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 price target on shares of D. R. Horton in a research note on Tuesday, January 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $60.00 price target (up from $52.00) on shares of D. R. Horton in a research note on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $56.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, UBS Group reiterated a “buy” rating and issued a $58.00 price target (up from $53.00) on shares of D. R. Horton in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. D. R. Horton presently has an average rating of “Hold” and an average target price of $52.69.
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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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