Bank Pictet & Cie Europe AG Purchases 5,052 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bank Pictet & Cie Europe AG boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,166 shares of the construction company’s stock after purchasing an additional 5,052 shares during the period. D.R. Horton comprises 1.0% of Bank Pictet & Cie Europe AG’s holdings, making the stock its 27th largest position. Bank Pictet & Cie Europe AG owned approximately 0.10% of D.R. Horton worth $44,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC bought a new position in D.R. Horton during the 3rd quarter worth about $1,853,178,000. FMR LLC grew its holdings in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $72,672,000. Nordea Investment Management AB grew its holdings in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after acquiring an additional 215,947 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DHI. Bank of America cut 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. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Citigroup cut their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Up 1.0 %

Shares of DHI stock opened at $130.63 on Friday. The firm has a 50 day moving average price of $142.12 and a two-hundred day moving average price of $166.44. 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 company has a market capitalization of $41.16 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 12-month low of $125.84 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend on an annualized basis and a yield of 1.22%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

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.