D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 829,000 shares of the construction company's stock after selling 50,700 shares during the period. Swiss National Bank owned 0.26% of D.R. Horton worth $115,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in D.R. Horton by 7.3% during the third 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 period. Harbour Investments Inc. boosted its position in D.R. Horton by 409.5% in the 3rd quarter. Harbour Investments Inc. now owns 1,014 shares of the construction company's stock worth $193,000 after purchasing an additional 815 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $955,000. Prime Capital Investment Advisors LLC increased its holdings in shares of D.R. Horton by 6.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 6,105 shares of the construction company's stock valued at $1,165,000 after purchasing an additional 379 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of D.R. Horton by 0.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,578 shares of the construction company's stock valued at $4,880,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

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D.R. Horton Trading Up 2.1 %

NYSE DHI traded up $2.63 on Wednesday, reaching $130.48. The stock had a trading volume of 3,162,965 shares, compared to its average volume of 2,660,472. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a fifty day moving average price of $134.94 and a two-hundred day moving average price of $157.98. The firm has a market capitalization of $41.12 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 0.54 and a beta of 1.80. 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 (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 EPS. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHI. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. JMP Securities reiterated a "market outperform" rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group decreased their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $170.93.

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.