Bank Pictet & Cie Europe AG Purchases 5,052 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bank Pictet & Cie Europe AG boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,166 shares of the construction company's stock after purchasing an additional 5,052 shares during the period. D.R. Horton comprises 1.0% of Bank Pictet & Cie Europe AG's investment portfolio, making the stock its 27th largest position. Bank Pictet & Cie Europe AG owned 0.10% of D.R. Horton worth $44,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coastline Trust Co purchased a new stake in D.R. Horton during the 3rd quarter valued at $26,000. Rakuten Securities Inc. boosted its holdings in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $30,000. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton in the 3rd quarter worth approximately $47,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 2.4 %

Shares of DHI traded down $3.07 during trading hours on Wednesday, hitting $126.74. The company had a trading volume of 3,880,023 shares, compared to its average volume of 3,634,091. The stock has a market capitalization of $39.94 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.55 and a beta of 1.76. The firm has a fifty day moving average price of $140.41 and a 200-day moving average price of $165.23. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DHI shares. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Evercore ISI cut their target price on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities restated a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $170.93.

About D.R. Horton

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.