First Trust Advisors LP Sells 86,458 Shares of D. R. Horton Inc (NYSE:DHI)
First Trust Advisors LP reduced its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 610,739 shares of the construction company’s stock after selling 86,458 shares during the quarter. First Trust Advisors LP owned approximately 0.16% of D. R. Horton worth $31,190,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in DHI. Jackson Grant Investment Advisers Inc. purchased a new position in shares of D. R. Horton during the 4th quarter worth approximately $110,000. Advisory Services Network LLC raised its stake in shares of D. R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after buying an additional 2,250 shares in the last quarter. Calton & Associates Inc. purchased a new position in shares of D. R. Horton during the 4th quarter worth approximately $193,000. IBM Retirement Fund purchased a new position in shares of D. R. Horton during the 3rd quarter worth approximately $201,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of D. R. Horton in the 4th quarter worth approximately $204,000. 84.67% of the stock is owned by institutional investors and hedge funds.
In other news, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the sale, the director now owns 11,317 shares of the company’s stock, valued at $540,613.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael W. Hewatt sold 3,423 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $41.84, for a total value of $143,218.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 245,602 shares of company stock valued at $10,828,080. 7.20% of the stock is currently owned by insiders.
D. R. Horton Inc (NYSE DHI) traded down $0.94 during trading hours on Thursday, reaching $43.45. The company had a trading volume of 2,966,486 shares, compared to its average volume of 6,070,000. The firm has a market capitalization of $16,330.00, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.20. D. R. Horton Inc has a fifty-two week low of $31.98 and a fifty-two week high of $53.32. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40.
D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. D. R. Horton’s quarterly revenue was up 14.8% compared to the same quarter last year. analysts expect that D. R. Horton Inc will post 3.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. D. R. Horton’s payout ratio is currently 16.84%.
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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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