D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 47.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,843 shares of the construction company's stock after selling 299,997 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of D.R. Horton worth $45,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Coastline Trust Co purchased a new position in shares of D.R. Horton in the third quarter worth $26,000. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at about $30,000. Rakuten Securities Inc. grew 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 valued at $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after buying an additional 165 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group lowered their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Citigroup reduced their target price 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, January 6th. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Two investment 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's stock. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average target price of $170.93.

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D.R. Horton Trading Up 1.2 %

NYSE:DHI traded up $1.49 during midday trading on Friday, hitting $126.78. The stock had a trading volume of 2,668,601 shares, compared to its average volume of 2,694,853. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $135.64 and a 200 day moving average of $159.66. The company has a market capitalization of $39.95 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during 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 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 posted $2.82 EPS. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton's dividend payout ratio is presently 11.31%.

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.