Toronto Dominion Bank grew its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 13.3% during the fourth quarter, HoldingsChannel reports. The firm owned 152,682 shares of the construction company’s stock after purchasing an additional 17,910 shares during the period. Toronto Dominion Bank’s holdings in D. R. Horton were worth $7,798,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Greenhaven Associates Inc. grew its stake in D. R. Horton by 0.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock valued at $328,016,000 after buying an additional 42,642 shares during the last quarter. Dimensional Fund Advisors LP grew its position in D. R. Horton by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after purchasing an additional 306,287 shares during the last quarter. Wedge Capital Management L L P NC grew its position in D. R. Horton by 21.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company’s stock worth $134,434,000 after purchasing an additional 588,327 shares during the last quarter. Legal & General Group Plc grew its position in D. R. Horton by 5.2% in the 3rd quarter. Legal & General Group Plc now owns 1,734,225 shares of the construction company’s stock worth $69,244,000 after purchasing an additional 85,163 shares during the last quarter. Finally, Swiss National Bank grew its position in D. R. Horton by 1.6% in the 3rd quarter. Swiss National Bank now owns 1,312,874 shares of the construction company’s stock worth $52,423,000 after purchasing an additional 20,300 shares during the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.
In related news, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the completion of the transaction, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $47.77, for a total transaction of $175,172.59. Following the transaction, the director now directly owns 11,317 shares of the company’s stock, valued at $540,613.09. The disclosure for this sale can be found here. Insiders have sold a total of 238,153 shares of company stock valued at $10,650,820 over the last three months. 6.74% of the stock is currently owned by insiders.
D. R. Horton Inc (NYSE DHI) opened at $45.57 on Monday. D. R. Horton Inc has a 1-year low of $30.10 and a 1-year high of $53.32. The stock has a market cap of $17,130.70, a PE ratio of 15.45, a P/E/G ratio of 1.22 and a beta of 1.09. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. equities analysts predict that D. R. Horton Inc will post 3.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, February 22nd. D. R. Horton’s dividend payout ratio is currently 18.73%.
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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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