Banque Pictet & Cie SA Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Banque Pictet & Cie SA lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,465 shares of the construction company's stock after selling 17,234 shares during the quarter. Banque Pictet & Cie SA owned approximately 0.12% of D.R. Horton worth $55,993,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. V Square Quantitative Management LLC lifted its holdings in D.R. Horton by 8.6% during the 4th quarter. V Square Quantitative Management LLC now owns 7,118 shares of the construction company's stock valued at $995,000 after purchasing an additional 563 shares during the last quarter. Figure 8 Investment Strategies LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $965,000. Vontobel Holding Ltd. boosted its holdings in shares of D.R. Horton by 52.9% during the 4th quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company's stock worth $2,319,000 after buying an additional 5,736 shares during the period. IMS Capital Management grew its stake in D.R. Horton by 19.1% in the 4th quarter. IMS Capital Management now owns 4,543 shares of the construction company's stock valued at $635,000 after buying an additional 730 shares during the last quarter. Finally, Avestar Capital LLC raised its holdings in D.R. Horton by 37.2% in the 4th quarter. Avestar Capital LLC now owns 1,648 shares of the construction company's stock valued at $230,000 after acquiring an additional 447 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 0.7 %

NYSE:DHI traded down $0.87 on Tuesday, hitting $129.71. The stock had a trading volume of 2,283,855 shares, compared to its average volume of 3,625,997. 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, Inc. has a 52 week low of $125.84 and a 52 week high of $199.85. The business's fifty day moving average is $140.95 and its 200 day moving average is $165.57. The company has a market cap of $40.87 billion, a PE ratio of 9.17, a P/E/G ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $2.82 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Analysts Set New Price Targets

DHI has been the topic of several research reports. Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. BTIG Research lowered their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $170.93.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

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.