Glenview Trust co Has $1.42 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Glenview Trust co boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 69.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,184 shares of the construction company’s stock after purchasing an additional 4,191 shares during the period. Glenview Trust co’s holdings in D.R. Horton were worth $1,424,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DHI. Golden State Equity Partners boosted its holdings in shares of D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. Toronto Dominion Bank increased its position in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the period. Pensionfund Sabic raised its holdings in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 4,000 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of D.R. Horton by 904.4% during the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after purchasing an additional 2,767 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $126.78 on Monday. The business’s 50-day simple moving average is $135.38 and its 200 day simple moving average is $158.83. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a market capitalization of $39.95 billion, a PE ratio of 8.96, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS 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 company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share 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. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.26%. D.R. Horton’s dividend payout ratio is 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of several analyst reports. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, UBS Group lowered their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $170.93.

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.