Strs Ohio buys $858,810 stake in D.R. Horton (DHI)

D.R. Horton (DHI) : Strs Ohio scooped up 5,959 additional shares in D.R. Horton during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 27,579 shares of D.R. Horton which is valued at $858,810.D.R. Horton makes up approximately 0.05% of Strs Ohio’s portfolio.

D.R. Horton opened for trading at $31.42 and hit $31.73 on the upside on Wednesday, eventually ending the session at $31.5, with a gain of 0.29% or 0.09 points. The heightened volatility saw the trading volume jump to 25,81,297 shares. Company has a market cap of $11,684 M.

Other Hedge Funds, Including , Albion Financial Group Ut boosted its stake in DHI in the latest quarter, The investment management firm added 107,316 additional shares and now holds a total of 340,003 shares of D.R. Horton which is valued at $10,587,693. D.R. Horton makes up approx 1.74% of Albion Financial Group Ut’s portfolio.Gateway Investment Advisers reduced its stake in DHI by selling 10,311 shares or 30.38% in the most recent quarter. The Hedge Fund company now holds 23,625 shares of DHI which is valued at $735,683. D.R. Horton makes up approx 0.01% of Gateway Investment Advisers’s portfolio.British Columbia Investment Management Corp reduced its stake in DHI by selling 31,528 shares or 14.76% in the most recent quarter. The Hedge Fund company now holds 182,092 shares of DHI which is valued at $5,522,850. D.R. Horton makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, D.R. Horton reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.46. The company had revenue of $2701.00 million for the quarter, compared to analysts expectations of $2693.22 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on D.R. Horton. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .D.R. Horton was Downgraded by Sterne Agee CRT to ” Neutral” on Apr 22, 2016. Company shares were Reiterated by MKM Partners on Apr 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 31 from a previous price target of $30 .

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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