Exxonmobil Investment Management Inc. TX Trims Position in D. R. Horton Inc (DHI)

Exxonmobil Investment Management Inc. TX decreased its holdings in D. R. Horton Inc (NYSE:DHI) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,266 shares of the construction company’s stock after selling 7,932 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in D. R. Horton were worth $2,771,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DHI. Pacer Advisors Inc. raised its position in D. R. Horton by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 6,604 shares of the construction company’s stock valued at $228,000 after purchasing an additional 522 shares during the last quarter. Private Advisor Group LLC raised its position in D. R. Horton by 3.0% in the 2nd quarter. Private Advisor Group LLC now owns 7,516 shares of the construction company’s stock valued at $279,000 after purchasing an additional 216 shares during the last quarter. Commonwealth Bank of Australia raised its position in D. R. Horton by 184.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,512 shares of the construction company’s stock worth $258,000 after buying an additional 4,868 shares during the last quarter. Wells Fargo & Company MN raised its position in D. R. Horton by 21.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,693,506 shares of the construction company’s stock worth $58,543,000 after buying an additional 299,128 shares during the last quarter. Finally, AXA raised its position in D. R. Horton by 2.1% during the 2nd quarter. AXA now owns 24,500 shares of the construction company’s stock worth $847,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.

A number of equities analysts have commented on DHI shares. UBS Group upped their price objective on shares of D. R. Horton from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Royal Bank of Canada restated a “buy” rating and set a $51.00 price objective on shares of D. R. Horton in a research report on Sunday, November 12th. KeyCorp upped their price objective on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods downgraded shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Finally, Citigroup restated a “neutral” rating and set a $42.00 price objective (up previously from $34.00) on shares of D. R. Horton in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $47.35.

In related news, COO Michael J. Murray sold 7,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.23, for a total value of $337,610.00. Following the sale, the chief operating officer now directly owns 56,304 shares of the company’s stock, valued at approximately $2,715,541.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bill W. Wheat sold 19,677 shares of the 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 sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,677 shares of company stock worth $1,410,293. Corporate insiders own 7.20% of the company’s stock.

D. R. Horton Inc (NYSE:DHI) opened at $51.91 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. D. R. Horton Inc has a 12 month low of $27.97 and a 12 month high of $53.32. The firm has a market cap of $19,520.00, a price-to-earnings ratio of 18.95, a PEG ratio of 1.51 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 Zacks’ consensus estimate of $0.86 by ($0.04). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. research analysts predict that D. R. Horton Inc will post 3.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, November 30th. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. D. R. Horton’s dividend payout ratio is 18.25%.

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About D. R. Horton

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

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