D. R. Horton Inc (DHI) Stake Increased by Greenhaven Associates Inc.

Greenhaven Associates Inc. lifted its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 0.1% during the 3rd quarter, Holdings Channel reports. The firm owned 8,729,321 shares of the construction company’s stock after buying an additional 7,400 shares during the quarter. D. R. Horton accounts for about 5.7% of Greenhaven Associates Inc.’s investment portfolio, making the stock its 8th largest holding. Greenhaven Associates Inc.’s holdings in D. R. Horton were worth $368,203,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DHI. Principal Financial Group Inc. grew its holdings in D. R. Horton by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 570,758 shares of the construction company’s stock worth $25,022,000 after acquiring an additional 2,776 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in D. R. Horton by 48.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 39,705 shares of the construction company’s stock worth $1,740,000 after acquiring an additional 12,915 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in D. R. Horton in the 1st quarter worth $1,376,000. The Manufacturers Life Insurance Company grew its holdings in D. R. Horton by 1.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 359,852 shares of the construction company’s stock worth $15,776,000 after acquiring an additional 3,534 shares during the last quarter. Finally, United Capital Financial Advisers LLC grew its holdings in D. R. Horton by 5.2% in the 1st quarter. United Capital Financial Advisers LLC now owns 68,064 shares of the construction company’s stock worth $2,984,000 after acquiring an additional 3,391 shares during the last quarter. 83.86% of the stock is currently owned by institutional investors.

In related news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total transaction of $135,030.00. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $495,110. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.74% of the company’s stock.

A number of equities research analysts have issued reports on DHI shares. Bank of America set a $65.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a report on Thursday, October 11th. JMP Securities set a $47.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a report on Tuesday, October 9th. KeyCorp set a $54.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, July 27th. Barclays set a $51.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th. Finally, Credit Suisse Group set a $45.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $52.60.

Shares of DHI traded down $0.86 during trading hours on Wednesday, reaching $37.79. 447,534 shares of the company traded hands, compared to its average volume of 4,443,068. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.02 and a beta of 1.08. The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. D. R. Horton Inc has a 12 month low of $37.28 and a 12 month high of $53.32.

D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.32 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, research analysts forecast that D. R. Horton Inc will post 4.14 EPS for the current fiscal year.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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