Mackay Shields LLC Sells 3,782 Shares of D. R. Horton Inc (DHI)

Mackay Shields LLC cut its stake in shares of D. R. Horton Inc (NYSE:DHI) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,944 shares of the construction company’s stock after selling 3,782 shares during the quarter. Mackay Shields LLC’s holdings in D. R. Horton were worth $1,766,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JOYN Advisors Inc. boosted its stake in D. R. Horton by 37.0% during the 4th quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after purchasing an additional 268 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in D. R. Horton by 22.1% during the 4th quarter. AdvisorNet Financial Inc now owns 2,166 shares of the construction company’s stock valued at $75,000 after purchasing an additional 392 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in D. R. Horton by 6.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,414 shares of the construction company’s stock valued at $257,000 after purchasing an additional 420 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in D. R. Horton by 125.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,107 shares of the construction company’s stock valued at $38,000 after purchasing an additional 615 shares in the last quarter. Finally, Markel Corp boosted its stake in D. R. Horton by 7.7% during the 4th quarter. Markel Corp now owns 9,057 shares of the construction company’s stock valued at $313,000 after purchasing an additional 650 shares in the last quarter. 84.31% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on the company. ValuEngine raised D. R. Horton from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Barclays reaffirmed a “buy” rating and set a $41.00 price target on shares of D. R. Horton in a research note on Monday, March 18th. Raymond James lowered D. R. Horton from a “strong-buy” rating to a “market perform” rating and set a $39.43 price target for the company. in a research note on Thursday, February 14th. Credit Suisse Group set a $46.00 price target on D. R. Horton and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, Wedbush lowered D. R. Horton from an “outperform” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. D. R. Horton has a consensus rating of “Buy” and an average price target of $46.32.

In related news, Director Bradley S. Anderson sold 10,000 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $34.40, for a total value of $344,000.00. Following the completion of the sale, the director now owns 42,191 shares in the company, valued at $1,451,370.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 1,410 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $40.47, for a total transaction of $57,062.70. Following the completion of the sale, the director now owns 7,060 shares of the company’s stock, valued at approximately $285,718.20. The disclosure for this sale can be found here. Insiders sold 28,833 shares of company stock worth $1,029,662 over the last ninety days. 6.87% of the stock is currently owned by company insiders.

NYSE DHI opened at $40.93 on Monday. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $47.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 6.85. The firm has a market capitalization of $15.28 billion, a PE ratio of 10.01, a P/E/G ratio of 0.87 and a beta of 1.23.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same period last year, the company posted $0.49 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that D. R. Horton Inc will post 3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Monday, February 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, February 8th. D. R. Horton’s dividend payout ratio (DPR) is presently 14.67%.

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About D. R. Horton

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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