Stifel Financial Corp Acquires 26,132 Shares of D. R. Horton Inc (DHI)

Stifel Financial Corp raised its holdings in D. R. Horton Inc (NYSE:DHI) by 46.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,827 shares of the construction company’s stock after acquiring an additional 26,132 shares during the period. Stifel Financial Corp’s holdings in D. R. Horton were worth $3,315,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware acquired a new stake in D. R. Horton in the 2nd quarter valued at about $100,000. Tower Research Capital LLC TRC raised its holdings in D. R. Horton by 179.5% in the 2nd 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 raised its holdings in D. R. Horton by 5.7% in the 2nd 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. Advisory Services Network LLC raised its holdings in D. R. Horton by 131.9% in the 2nd 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. Finally, Paradigm Asset Management Co. LLC raised its holdings in D. R. Horton by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the construction company’s stock valued at $159,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 84.16% of the company’s stock.

Shares of D. R. Horton Inc (NYSE DHI) opened at $51.45 on Tuesday. D. R. Horton Inc has a one year low of $27.21 and a one year high of $51.62. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37. The firm has a market cap of $18,969.41, a P/E ratio of 18.53, a PEG ratio of 1.57 and a beta of 1.32.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. sell-side analysts forecast that D. R. Horton Inc will post 3.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.125 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio (DPR) is presently 18.32%.

A number of analysts have commented on the stock. Buckingham Research increased their price objective on shares of D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $42.00 price objective on shares of D. R. Horton in a report on Monday, September 25th. Wedbush reiterated an “outperform” rating on shares of D. R. Horton in a report on Saturday, September 16th. Mizuho reiterated a “hold” rating and issued a $38.00 price objective on shares of D. R. Horton in a report on Friday, October 27th. Finally, Zelman & Associates downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.29.

In related news, Director Michael W. Hewatt sold 2,000 shares of the 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 completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $287,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 28,677 shares of company stock valued at $1,410,293 in the last ninety days. 7.20% of the stock is currently owned by corporate insiders.

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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.

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

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