Chevy Chase Trust Holdings LLC Cuts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Chevy Chase Trust Holdings LLC decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,336 shares of the construction company's stock after selling 4,018 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in D.R. Horton were worth $21,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Equity Partners lifted its stake in shares of D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after purchasing an additional 3,171 shares during the last quarter. KBC Group NV lifted its stake in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth $4,220,000. Toronto Dominion Bank lifted its stake in shares of D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock worth $20,025,000 after purchasing an additional 15,460 shares during the last quarter. Finally, Pensionfund Sabic raised its stake in D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $3.07 during midday trading on Wednesday, hitting $126.74. The stock had a trading volume of 3,878,728 shares, compared to its average volume of 3,633,991. The company has a market capitalization of $39.94 billion, a PE ratio of 8.96, a P/E/G ratio of 0.55 and a beta of 1.76. The stock has a 50 day simple moving average of $140.41 and a 200-day simple moving average of $165.23. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $2.82 earnings per share. The business's quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend payout ratio is currently 11.31%.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Evercore ISI decreased their price target on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Finally, Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $170.93.

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.