D.R. Horton (DHI) : Covalent Partners reduced its stake in D.R. Horton by 26.53% during the most recent quarter end. The investment management company now holds a total of 448,803 shares of D.R. Horton which is valued at $14,433,504 after selling 162,039 shares in D.R. Horton , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.D.R. Horton makes up approximately 4.95% of Covalent Partners’s portfolio.
Other Hedge Funds, Including , Parallax Volatility Advisers boosted its stake in DHI in the latest quarter, The investment management firm added 42,165 additional shares and now holds a total of 197,031 shares of D.R. Horton which is valued at $6,336,517. D.R. Horton makes up approx 0.29% of Parallax Volatility Advisers’s portfolio.First Mercantile Trust Co reduced its stake in DHI by selling 4,400 shares or 24.58% in the most recent quarter. The Hedge Fund company now holds 13,500 shares of DHI which is valued at $434,160. D.R. Horton makes up approx 0.05% of First Mercantile Trust Co’s portfolio.New Mexico Educational Retirement Board boosted its stake in DHI in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 38,432 shares of D.R. Horton which is valued at $1,240,969. D.R. Horton makes up approx 0.05% of New Mexico Educational Retirement Board’s portfolio. Spot Trading L.l.c sold out all of its stake in DHI during the most recent quarter. The investment firm sold 17,824 shares of DHI which is valued $575,537.Hartford Investment Management Co reduced its stake in DHI by selling 2,425 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 79,661 shares of DHI which is valued at $2,705,288. D.R. Horton makes up approx 0.06% of Hartford Investment Management Co’s portfolio.
D.R. Horton closed down -0.5 points or -1.56% at $31.56 with 35,92,069 shares getting traded on Thursday. Post opening the session at $32.11, the shares hit an intraday low of $31.47 and an intraday high of $32.22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, D.R. Horton reported $0.66 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.66. The company had revenue of $3148.80 million for the quarter, compared to analysts expectations of $3276.00 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on D.R. Horton. D.R. Horton was Downgraded by BofA/Merrill to ” Neutral” on Jul 22, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 38 from a previous price target of $36 .
D.R. Horton Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes through its operating divisions in around 27 states and over 79 metropolitan markets of the United States under the names of D.R. Horton America’s Builder Express Homes Emerald Homes Breland Homes Regent Homes Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent the Company builds and sells attached homes such as town homes duplexes triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.