Van Hulzen Asset Management LLC reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 71.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,565 shares of the construction company’s stock after selling 105,300 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in D.R. Horton were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in DHI. Mckinley Capital Management LLC Delaware purchased a new stake in D.R. Horton during the second quarter valued at $100,000. Tower Research Capital LLC TRC increased its position in D.R. Horton by 179.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after acquiring an additional 2,306 shares during the last quarter. Evercore Wealth Management LLC increased its position in D.R. Horton by 5.7% during the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after acquiring an additional 200 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in D.R. Horton by 6.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock valued at $129,000 after acquiring an additional 241 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in D.R. Horton by 131.9% during the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,250 shares during the last quarter. 80.89% of the stock is currently owned by hedge funds and other institutional investors.
In other D.R. Horton news, COO Michael J. Murray sold 7,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the completion of the sale, the chief operating officer now owns 56,304 shares in the company, valued at $2,715,541.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total value of $374,600.00. Following the completion of the sale, the director now owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,000 shares of company stock valued at $1,285,910. Company insiders own 7.20% of the company’s stock.
Shares of D.R. Horton, Inc. (DHI) traded up $0.23 on Friday, reaching $49.58. The company’s stock had a trading volume of 4,039,800 shares, compared to its average volume of 4,048,752. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. The stock has a market capitalization of $18,594.37, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.28. D.R. Horton, Inc. has a fifty-two week low of $27.15 and a fifty-two week high of $49.67.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. D.R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. equities research analysts forecast that D.R. Horton, Inc. will post 3.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.125 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 1.01%. D.R. Horton’s dividend payout ratio is presently 14.65%.
D.R. Horton 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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