Underhill Investment Management adds D.R. Horton (DHI) to its portfolio

D.R. Horton (DHI) : Underhill Investment Management added new position in D.R. Horton during the most recent quarter end. The investment management firm now holds 336,350 shares of D.R. Horton which is valued at $11,365,267 , the company said in a statement filed on Jul 26, 2016 with the SEC.D.R. Horton makes up approximately 5.90% of Underhill Investment Management’s portfolio.

Other Hedge Funds, Including , Boston Advisors boosted its stake in DHI in the latest quarter, The investment management firm added 4,747 additional shares and now holds a total of 570,483 shares of D.R. Horton which is valued at $19,276,621. D.R. Horton makes up approx 0.47% of Boston Advisors’s portfolio.Albion Financial Group Ut boosted its stake in DHI in the latest quarter, The investment management firm added 196 additional shares and now holds a total of 340,199 shares of D.R. Horton which is valued at $11,495,324. D.R. Horton makes up approx 1.93% of Albion Financial Group Ut’s portfolio.Charter Trust Co reduced its stake in DHI by selling 73 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 11,073 shares of DHI which is valued at $381,022. D.R. Horton makes up approx 0.04% of Charter Trust Co’s portfolio. Barometer Capital Management added DHI to its portfolio by purchasing 17,600 company shares during the most recent quarter which is valued at $597,520. D.R. Horton makes up approx 0.06% of Barometer Capital Management’s portfolio.

D.R. Horton closed down -0.86 points or -2.55% at $32.88 with 55,47,749 shares getting traded on Friday. Post opening the session at $33.77, the shares hit an intraday low of $32.7 and an intraday high of $33.79 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.

Investors should note that on Jul 21, 2016, D.R. Horton announced a cash dividend of $0.0800. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Aug 19, 2016.

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.

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