Commerce Bank Sells 4,227 Shares of D. R. Horton (DHI)

Commerce Bank lessened its stake in D. R. Horton (NYSE:DHI) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 144,430 shares of the construction company’s stock after selling 4,227 shares during the period. Commerce Bank’s holdings in D. R. Horton were worth $6,332,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of D. R. Horton by 4.2% in the fourth quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock valued at $1,570,810,000 after purchasing an additional 1,232,825 shares in the last quarter. Millennium Management LLC raised its stake in shares of D. R. Horton by 309.9% in the fourth quarter. Millennium Management LLC now owns 5,053,089 shares of the construction company’s stock valued at $258,061,000 after buying an additional 3,820,298 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of D. R. Horton by 20.4% in the first quarter. Wedge Capital Management L L P NC now owns 3,197,973 shares of the construction company’s stock valued at $140,199,000 after buying an additional 541,609 shares during the period. Allianz Asset Management GmbH raised its stake in shares of D. R. Horton by 615.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,403,725 shares of the construction company’s stock valued at $122,758,000 after buying an additional 2,067,640 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of D. R. Horton by 12.1% in the fourth quarter. Guggenheim Capital LLC now owns 1,906,258 shares of the construction company’s stock valued at $97,354,000 after buying an additional 206,195 shares during the period. Institutional investors own 84.38% of the company’s stock.

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In related news, Chairman Donald R. Horton sold 178,200 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the completion of the transaction, the chairman now directly owns 23,232,112 shares in the company, valued at $1,023,606,854.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara K. Allen sold 940 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total value of $40,100.40. Following the transaction, the director now owns 6,590 shares of the company’s stock, valued at $281,129.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 241,935 shares of company stock valued at $10,652,908. 6.74% of the stock is owned by company insiders.

Shares of NYSE DHI opened at $44.71 on Monday. The firm has a market capitalization of $16,874.22, a PE ratio of 16.32, a P/E/G ratio of 1.14 and a beta of 1.11. D. R. Horton has a fifty-two week low of $32.33 and a fifty-two week high of $53.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 7.36 and a quick ratio of 1.07.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. equities research analysts predict that D. R. Horton will post 3.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, May 10th. D. R. Horton’s dividend payout ratio (DPR) is presently 18.25%.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 target price on shares of D. R. Horton in a research note on Tuesday, January 9th. Credit Suisse Group restated an “outperform” rating and issued a $60.00 target price (up from $52.00) on shares of D. R. Horton in a research note on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $56.00 target price on D. R. Horton and gave the company a “hold” rating in a research note on Thursday, January 18th. UBS restated a “buy” rating and issued a $58.00 target price (up from $53.00) on shares of D. R. Horton in a research note on Wednesday, January 17th. Finally, Barclays boosted their target price on D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $51.56.

D. R. Horton 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)