D. R. Horton Inc (DHI) Stake Boosted by Rampart Investment Management Company LLC

Rampart Investment Management Company LLC boosted its position in D. R. Horton Inc (NYSE:DHI) by 1,779.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,871 shares of the construction company’s stock after buying an additional 82,249 shares during the period. Rampart Investment Management Company LLC’s holdings in D. R. Horton were worth $3,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. Buckingham Capital Management Inc. boosted its position in D. R. Horton by 5.3% in the third quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock valued at $984,000 after buying an additional 1,240 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in D. R. Horton by 64.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 24,191 shares of the construction company’s stock valued at $1,236,000 after buying an additional 9,492 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in D. R. Horton by 18.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 8,793 shares of the construction company’s stock valued at $449,000 after buying an additional 1,369 shares during the last quarter. Bessemer Group Inc. boosted its position in D. R. Horton by 8,292.5% in the fourth quarter. Bessemer Group Inc. now owns 8,896 shares of the construction company’s stock valued at $454,000 after buying an additional 8,790 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in D. R. Horton in the fourth quarter valued at approximately $229,000. Hedge funds and other institutional investors own 82.82% of the company’s stock.

DHI has been the topic of a number of recent research reports. Barclays upgraded D. R. Horton from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a research report on Monday, March 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $52.00 target price on shares of D. R. Horton in a research report on Wednesday, March 21st. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. Wedbush restated an “outperform” rating and issued a $50.00 price objective on shares of D. R. Horton in a research report on Friday, March 23rd. Finally, Mizuho restated a “hold” rating and issued a $47.00 price objective on shares of D. R. Horton in a research report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $51.56.

Shares of D. R. Horton opened at $42.34 on Thursday, Marketbeat reports. D. R. Horton Inc has a 1 year low of $33.19 and a 1 year high of $53.32. The company has a market cap of $15.85 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.07 and a current ratio of 7.36.

D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue was up 16.7% on a year-over-year basis. sell-side analysts expect that D. R. Horton Inc will post 3.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.18%. D. R. Horton’s dividend payout ratio (DPR) is 18.25%.

About D. R. Horton

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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