FineMark National Bank & Trust Sells 2,400 Shares of D.R. Horton, Inc. (NYSE:DHI)

FineMark National Bank & Trust decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 57.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,783 shares of the construction company's stock after selling 2,400 shares during the quarter. FineMark National Bank & Trust's holdings in D.R. Horton were worth $249,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC increased its stake in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock worth $259,857,000 after buying an additional 47,678 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after acquiring an additional 120,892 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average target price of $170.93.

D.R. Horton Stock Up 0.9 %

DHI stock traded up $1.17 during mid-day trading on Monday, hitting $127.16. 2,316,316 shares of the company were exchanged, compared to its average volume of 2,808,722. The firm has a market cap of $40.07 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year 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. The firm's 50 day simple moving average is $132.49 and its 200 day simple moving average is $154.36.

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. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.82 earnings per share. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton's payout ratio is presently 11.31%.

D.R. Horton 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.