Swiss National Bank Lowers Holdings in D.R. Horton, Inc. (NYSE:DHI)

Swiss National Bank reduced its position in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 987,400 shares of the construction company’s stock after selling 128,800 shares during the quarter. Swiss National Bank’s holdings in D.R. Horton were worth $106,116,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DHI. Fairfield Bush & CO. purchased a new stake in shares of D.R. Horton during the 1st quarter worth about $28,000. American Century Companies Inc. boosted its stake in shares of D.R. Horton by 13.9% during the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after acquiring an additional 2,771 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in D.R. Horton by 10.7% in the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares in the last quarter. Sei Investments Co. lifted its stake in D.R. Horton by 21.1% in the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares in the last quarter. Finally, Prudential PLC purchased a new position in D.R. Horton in the 1st quarter valued at about $560,000. 82.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays increased their price objective on shares of D.R. Horton from $143.00 to $166.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Monday, December 4th. UBS Group raised their price target on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Finally, Raymond James raised their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.65.

Read Our Latest Stock Report on D.R. Horton

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 470 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $126.21, for a total value of $59,318.70. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $713,086.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 470 shares of D.R. Horton stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $126.21, for a total transaction of $59,318.70. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $713,086.50. The disclosure for this sale can be found here. Insiders sold 13,431 shares of company stock valued at $2,015,326 in the last 90 days. Company insiders own 1.74% of the company’s stock.

D.R. Horton Stock Down 0.3 %

D.R. Horton stock opened at $146.89 on Monday. D.R. Horton, Inc. has a fifty-two week low of $89.05 and a fifty-two week high of $157.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The firm has a 50 day moving average price of $145.23 and a 200 day moving average price of $126.39. The company has a market capitalization of $48.74 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.83 and a beta of 1.64.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period in the prior year, the business earned $2.76 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts expect that D.R. Horton, Inc. will post 14.19 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be given a $0.30 dividend. The ex-dividend date is Monday, February 5th. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s dividend payout ratio is presently 8.63%.

About D.R. Horton

(Free Report)

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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