Albion Financial Group Ut buys $11,495,324 stake in D.R. Horton (DHI)

D.R. Horton (DHI) : Albion Financial Group Ut scooped up 196 additional shares in D.R. Horton during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 340,199 shares of D.R. Horton which is valued at $11,495,324.D.R. Horton makes up approximately 1.93% of Albion Financial Group Ut’s portfolio.

Other Hedge Funds, Including , Atalanta Sosnoff Capital boosted its stake in DHI in the latest quarter, The investment management firm added 113,727 additional shares and now holds a total of 299,034 shares of D.R. Horton which is valued at $10,104,359. D.R. Horton makes up approx 0.33% of Atalanta Sosnoff Capital’s portfolio.Winslow Evans Crocker boosted its stake in DHI in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 12,840 shares of D.R. Horton which is valued at $436,046. D.R. Horton makes up approx 0.13% of Winslow Evans Crocker’s portfolio. Anderson Hoagland Co added DHI to its portfolio by purchasing 61,507 company shares during the most recent quarter which is valued at $2,116,456. D.R. Horton makes up approx 1.29% of Anderson Hoagland Co’s portfolio.Shaker Investmentsoh reduced its stake in DHI by selling 6,300 shares or 8.55% in the most recent quarter. The Hedge Fund company now holds 67,402 shares of DHI which is valued at $2,288,298. D.R. Horton makes up approx 2.03% of Shaker Investmentsoh’s portfolio.Dnb Asset Management As boosted its stake in DHI in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 24,434 shares of D.R. Horton which is valued at $826,358. D.R. Horton makes up approx 0.02% of Dnb Asset Management As’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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