Pensionfund Sabic Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Pensionfund Sabic lifted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 70.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,700 shares of the construction company's stock after purchasing an additional 4,000 shares during the period. Pensionfund Sabic's holdings in D.R. Horton were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TCI Wealth Advisors Inc. increased its holdings in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock valued at $284,000 after buying an additional 58 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock worth $739,000 after acquiring an additional 60 shares in the last quarter. Covestor Ltd lifted its stake in D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock worth $203,000 after purchasing an additional 66 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock valued at $695,000 after purchasing an additional 67 shares during the last quarter. Finally, Studio Investment Management LLC increased its stake in D.R. Horton by 0.3% in the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company's stock valued at $3,350,000 after purchasing an additional 70 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on DHI. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush raised D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective on the stock in a report on Tuesday, October 15th. Barclays reissued an "equal weight" rating and issued a $170.00 target price (down from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $177.40.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Price Performance

Shares of DHI stock traded down $1.63 during trading hours on Tuesday, hitting $137.73. The company's stock had a trading volume of 2,922,864 shares, compared to its average volume of 2,723,263. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $156.76 and a 200-day moving average of $168.90. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The stock has a market cap of $44.19 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.57 and a beta of 1.75.

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

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

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.