KBC Group NV Has $9.50 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

KBC Group NV lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 74.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,942 shares of the construction company's stock after selling 203,096 shares during the quarter. KBC Group NV's holdings in D.R. Horton were worth $9,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Coastline Trust Co acquired a new position in shares of D.R. Horton during the 3rd quarter worth about $26,000. Rakuten Securities Inc. increased its position 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 in the last quarter. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in D.R. Horton by 1,306.7% during the 3rd 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. Finally, Grove Bank & Trust grew its holdings in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock traded up $3.72 during trading on Thursday, hitting $145.65. The company had a trading volume of 2,432,275 shares, compared to its average volume of 3,422,006. The company has a fifty day moving average price of $148.99 and a two-hundred day moving average price of $169.05. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The company has a market cap of $46.73 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.82 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 13.87 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada reiterated an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. BTIG Research dropped their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Citigroup reduced their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company cut their target price on 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. 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 analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $170.20.

Insiders Place Their Bets

In other 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 value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

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.