D.R. Horton, Inc. (NYSE:DHI) Stake Lowered by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,348 shares of the construction company’s stock after selling 365 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in D.R. Horton were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Covestor Ltd grew its stake in shares of D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares during the last quarter. Insigneo Advisory Services LLC grew its position in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after purchasing an additional 67 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of D.R. Horton by 1.0% during the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 78 shares during the period. Allworth Financial LP raised its position in shares of D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after buying an additional 82 shares during the last quarter. Finally, Catalytic Wealth RIA LLC lifted its stake in shares of D.R. Horton by 2.2% in the third quarter. Catalytic Wealth RIA LLC now owns 3,861 shares of the construction company’s stock valued at $737,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DHI shares. UBS Group lowered their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI stock opened at $133.97 on Tuesday. The stock has a market cap of $42.22 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The stock has a 50-day moving average of $136.26 and a 200-day moving average of $160.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. 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) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the business posted $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.