Picton Mahoney Asset Management Lowers Position in D. R. Horton Inc (DHI)

Picton Mahoney Asset Management reduced its position in D. R. Horton Inc (NYSE:DHI) by 16.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the construction company’s stock after selling 1,900 shares during the period. Picton Mahoney Asset Management’s holdings in D. R. Horton were worth $346,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. raised its stake in D. R. Horton by 5.7% in the 3rd quarter. American International Group Inc. now owns 126,227 shares of the construction company’s stock valued at $5,324,000 after acquiring an additional 6,851 shares during the period. Norman Fields Gottscho Capital Management LLC bought a new stake in D. R. Horton in the 4th quarter valued at about $219,000. Underhill Investment Management LLC bought a new stake in D. R. Horton in the 3rd quarter valued at about $9,771,000. Dimensional Fund Advisors LP raised its stake in D. R. Horton by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,788,547 shares of the construction company’s stock valued at $244,143,000 after acquiring an additional 74,437 shares during the period. Finally, Calamos Advisors LLC raised its stake in D. R. Horton by 6.8% in the 3rd quarter. Calamos Advisors LLC now owns 151,982 shares of the construction company’s stock valued at $6,411,000 after acquiring an additional 9,624 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

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Shares of DHI opened at $39.45 on Thursday. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $47.00. The stock has a market cap of $14.65 billion, a PE ratio of 9.65, a P/E/G ratio of 0.80 and a beta of 1.24. The company has a current ratio of 6.85, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that D. R. Horton Inc will post 3.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Monday, February 11th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, February 8th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

A number of equities research analysts recently issued reports on the company. Raymond James cut D. R. Horton from a “strong-buy” rating to a “market perform” rating in a research note on Thursday. ValuEngine upgraded D. R. Horton from a “sell” rating to a “hold” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $43.00 price target on shares of D. R. Horton in a research report on Wednesday, January 23rd. Credit Suisse Group set a $45.00 price target on D. R. Horton and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, Buckingham Research assumed coverage on D. R. Horton in a research report on Friday, January 11th. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.29.

In related news, Director Barbara K. Allen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $36.79, for a total value of $147,160.00. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $207,863.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $34.40, for a total transaction of $344,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 230,892 shares of company stock worth $8,353,387. 6.87% of the stock is owned by company insiders.

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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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