D.R. Horton, Inc. (NYSE:DHI) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,389 shares of the construction company's stock after selling 9,952 shares during the period. First Hawaiian Bank's holdings in D.R. Horton were worth $1,313,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DHI. KBC Group NV lifted its holdings 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 valued at $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC purchased a new stake in D.R. Horton in the third quarter valued at about $4,220,000. Toronto Dominion Bank boosted its holdings in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock worth $20,025,000 after acquiring an additional 15,460 shares in the last quarter. Pensionfund Sabic grew its stake in shares of D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of D.R. Horton by 904.4% during the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company's stock valued at $7,795,000 after acquiring an additional 36,780 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DHI. Barclays reiterated an "equal weight" rating and issued a $170.00 target price (down from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. Citigroup dropped their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday. StockNews.com downgraded D.R. Horton from a "hold" rating to a "sell" rating in a research report on Thursday. JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, Raymond James lowered D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $176.67.

D.R. Horton Stock Performance

DHI traded down $3.38 on Friday, reaching $136.52. The stock had a trading volume of 3,523,308 shares, compared to its average volume of 2,914,051. The business's 50-day moving average price is $154.38 and its two-hundred day moving average price is $168.41. The company has a market cap of $43.80 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the company posted $4.45 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. D.R. Horton's dividend payout ratio is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

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.