Sentry Investment Management LLC Takes Position in D. R. Horton Inc (DHI)

Sentry Investment Management LLC bought a new position in D. R. Horton Inc (NYSE:DHI) in the third quarter, according to its most recent filing with the SEC. The firm bought 22,014 shares of the construction company’s stock, valued at approximately $929,000.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Qube Research & Technologies Ltd lifted its stake in D. R. Horton by 2,033.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock valued at $159,000 after acquiring an additional 3,701 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in D. R. Horton during the 2nd quarter valued at approximately $162,000. Hollencrest Capital Management acquired a new stake in D. R. Horton during the 3rd quarter valued at approximately $205,000. Atria Investments LLC acquired a new stake in D. R. Horton during the 2nd quarter valued at approximately $214,000. Finally, United Asset Strategies Inc. acquired a new stake in D. R. Horton during the 2nd quarter valued at approximately $231,000. Institutional investors own 84.11% of the company’s stock.

NYSE:DHI opened at $34.40 on Friday. The company has a quick ratio of 1.11, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The company has a market cap of $14.15 billion, a PE ratio of 8.41, a PEG ratio of 0.83 and a beta of 1.26. D. R. Horton Inc has a 1-year low of $33.70 and a 1-year high of $53.32.

D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.56 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. Analysts expect that D. R. Horton Inc will post 4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. D. R. Horton’s payout ratio is 12.22%.

Several brokerages have commented on DHI. Mizuho set a $46.00 price objective on shares of D. R. Horton and gave the company a “hold” rating in a research note on Monday, August 6th. KeyCorp set a $54.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, July 27th. Evercore ISI upgraded shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a research note on Friday, July 27th. JMP Securities decreased their price objective on shares of D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating for the company in a research note on Friday, July 27th. Finally, MKM Partners decreased their price objective on shares of D. R. Horton to $52.00 and set a “neutral” rating for the company in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $48.79.

In other news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.20% of the stock is owned by insiders.

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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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