D.R. Horton, Inc. $DHI Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 796,900 shares of the construction company’s stock after selling 61,700 shares during the quarter. Swiss National Bank owned 0.27% of D.R. Horton worth $135,051,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in D.R. Horton by 0.7% in the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after purchasing an additional 92,219 shares during the period. Norges Bank acquired a new stake in D.R. Horton in the 2nd quarter valued at about $494,278,000. Franklin Resources Inc. boosted its stake in shares of D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after buying an additional 450,362 shares during the period. Invesco Ltd. increased its stake in shares of D.R. Horton by 13.2% during the second quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock worth $367,972,000 after buying an additional 333,846 shares during the period. Finally, Viking Global Investors LP raised its holdings in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.6%

Shares of NYSE:DHI opened at $145.27 on Wednesday. The firm has a 50 day simple moving average of $155.15 and a 200-day simple moving average of $156.97. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $42.09 billion, a PE ratio of 13.19, a P/E/G ratio of 2.28 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the firm posted $2.61 EPS. The company’s revenue was down 9.5% on a year-over-year basis. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.35%.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DHI. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Evercore increased their target price on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Bank of America set a $158.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $159.93.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.