D. R. Horton Inc (NYSE:DHI) Shares Bought by Hexavest Inc.

Hexavest Inc. increased its stake in D. R. Horton Inc (NYSE:DHI) by 42.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 894,361 shares of the construction company’s stock after acquiring an additional 266,885 shares during the period. Hexavest Inc. owned approximately 0.24% of D. R. Horton worth $47,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its holdings in D. R. Horton by 1,574.2% in the second quarter. Nuveen Asset Management LLC now owns 1,680,685 shares of the construction company’s stock valued at $72,488,000 after buying an additional 1,580,298 shares during the period. Invesco Ltd. raised its stake in shares of D. R. Horton by 37.8% during the second quarter. Invesco Ltd. now owns 4,056,260 shares of the construction company’s stock valued at $174,946,000 after purchasing an additional 1,111,745 shares during the period. Argent Capital Management LLC purchased a new stake in shares of D. R. Horton during the second quarter valued at approximately $42,949,000. Impala Asset Management LLC raised its stake in shares of D. R. Horton by 172.4% during the second quarter. Impala Asset Management LLC now owns 1,463,325 shares of the construction company’s stock valued at $63,113,000 after purchasing an additional 926,070 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of D. R. Horton during the second quarter valued at approximately $36,368,000. 84.11% of the stock is currently owned by institutional investors and hedge funds.

DHI has been the topic of a number of analyst reports. BTIG Research lifted their price objective on shares of D. R. Horton from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Goldman Sachs Group initiated coverage on shares of D. R. Horton in a research report on Friday, December 6th. They set a “sell” rating and a $51.00 price target for the company. Royal Bank of Canada downgraded shares of D. R. Horton from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from $52.00 to $51.00 in a research report on Tuesday, December 17th. ValuEngine downgraded shares of D. R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, Evercore ISI raised shares of D. R. Horton to an “outperform” rating in a report on Monday, January 6th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.33.

In other news, COO Michael J. Murray sold 22,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.21, for a total transaction of $1,242,225.00. Following the sale, the chief operating officer now directly owns 151,249 shares in the company, valued at approximately $8,350,457.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara K. Allen sold 470 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $55.36, for a total transaction of $26,019.20. Following the completion of the transaction, the director now owns 6,120 shares in the company, valued at $338,803.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,970 shares of company stock valued at $3,359,764. Insiders own 6.96% of the company’s stock.

D. R. Horton stock traded up $0.11 during trading hours on Thursday, hitting $55.12. 69,464 shares of the stock traded hands, compared to its average volume of 3,079,144. The firm’s 50-day moving average price is $53.94 and its two-hundred day moving average price is $50.69. D. R. Horton Inc has a one year low of $34.96 and a one year high of $56.12. The company has a market cap of $20.02 billion, a PE ratio of 12.79, a PEG ratio of 0.97 and a beta of 0.97. The company has a current ratio of 7.25, a quick ratio of 1.35 and a debt-to-equity ratio of 0.33.

D. R. Horton (NYSE:DHI) last released its earnings results on Tuesday, November 12th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.10. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.86 billion. D. R. Horton had a net margin of 9.20% and a return on equity of 16.63%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share. On average, sell-side analysts expect that D. R. Horton Inc will post 4.88 earnings per share for the current fiscal year.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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

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