Fifth Third Bancorp Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Fifth Third Bancorp cut its holdings in D.R. Horton, Inc. (NYSE:DHIFree Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,994 shares of the construction company’s stock after selling 4,133 shares during the quarter. Fifth Third Bancorp’s holdings in D.R. Horton were worth $15,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. Berkshire Hathaway Inc purchased a new stake in shares of D.R. Horton in the 2nd quarter worth about $726,454,000. Moneta Group Investment Advisors LLC grew its position in shares of D.R. Horton by 101,707.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after buying an additional 4,364,275 shares during the period. Norges Bank purchased a new stake in shares of D.R. Horton in the 4th quarter worth about $247,001,000. Holocene Advisors LP grew its position in shares of D.R. Horton by 1,001.5% in the 2nd quarter. Holocene Advisors LP now owns 1,244,639 shares of the construction company’s stock worth $151,460,000 after buying an additional 1,131,640 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of D.R. Horton in the 2nd quarter worth about $129,008,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DHI. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada increased their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research report on Monday, January 22nd. Barclays increased their price objective on shares of D.R. Horton from $143.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, JMP Securities increased their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.65.

Check Out Our Latest Stock Report on DHI

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $164.55 on Monday. The firm’s 50 day moving average price is $149.52 and its 200-day moving average price is $134.47. D.R. Horton, Inc. has a twelve month low of $94.22 and a twelve month high of $165.21. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $54.60 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.93 and a beta of 1.64.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter last year, the company earned $2.76 EPS. D.R. Horton’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date was Monday, February 5th. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock valued at $4,225,745 over the last 90 days. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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