Pitcairn Co. Cuts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Pitcairn Co. reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,967 shares of the construction company’s stock after selling 114 shares during the quarter. Pitcairn Co.’s holdings in D.R. Horton were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. World Investment Advisors increased its stake in D.R. Horton by 45.2% during the 4th quarter. World Investment Advisors now owns 4,259 shares of the construction company’s stock worth $596,000 after buying an additional 1,326 shares during the period. OneAscent Financial Services LLC increased its position in shares of D.R. Horton by 21.2% during the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company’s stock worth $465,000 after acquiring an additional 582 shares during the period. Cynosure Group LLC raised its stake in shares of D.R. Horton by 199.8% in the fourth quarter. Cynosure Group LLC now owns 6,970 shares of the construction company’s stock valued at $975,000 after acquiring an additional 4,645 shares in the last quarter. Huntington National Bank boosted its holdings in D.R. Horton by 2.4% in the fourth quarter. Huntington National Bank now owns 32,537 shares of the construction company’s stock valued at $4,549,000 after purchasing an additional 769 shares during the period. Finally, Geode Capital Management LLC grew its stake in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock worth $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DHI shares. JMP Securities reiterated a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Barclays dropped their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, UBS Group cut their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Price Performance

DHI stock opened at $127.67 on Monday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $40.23 billion, a P/E ratio of 9.02, a PEG ratio of 0.54 and a beta of 1.61. The business has a 50 day simple moving average of $131.02 and a 200-day simple moving average of $152.44. D.R. Horton, Inc. has a twelve month low of $118.00 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

D.R. Horton Company Profile

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.