Simplex Trading adds D.R. Horton (DHI) to its portfolio

D.R. Horton (DHI) : Simplex Trading added new position in D.R. Horton during the most recent quarter end. The investment management firm now holds 14,385 shares of D.R. Horton which is valued at $425,796 , the company said in a statement filed on Oct 7, 2016 with the SEC.D.R. Horton makes up approximately 0.06% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network added DHI to its portfolio by purchasing 206 company shares during the most recent quarter which is valued at $6,098.Bnp Paribas Arbitrage Sa boosted its stake in DHI in the latest quarter, The investment management firm added 46,572 additional shares and now holds a total of 252,780 shares of D.R. Horton which is valued at $7,603,622. D.R. Horton makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings boosted its stake in DHI in the latest quarter, The investment management firm added 693 additional shares and now holds a total of 282,703 shares of D.R. Horton which is valued at $8,503,706. D.R. Horton makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added DHI to its portfolio by purchasing 33 company shares during the most recent quarter which is valued at $993.

D.R. Horton closed down -0.68 points or -2.25% at $29.6 with 35,08,393 shares getting traded on Friday. Post opening the session at $30.33, the shares hit an intraday low of $29.53 and an intraday high of $30.62 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Company shares were Upgraded by FBN Securities on Oct 10, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 27.50 from a previous price target of $25 .D.R. Horton was Initiated by Wells Fargo to “Outperform” on Sep 29, 2016. Wedbush Initiated D.R. Horton on Sep 20, 2016 to “Outperform”, Price Target of the shares are set at $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.

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