ABN Amro Investment Solutions Has $3.97 Million Stock Position in D.R. Horton, Inc. $DHI

ABN Amro Investment Solutions lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 29.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,439 shares of the construction company’s stock after selling 9,585 shares during the quarter. ABN Amro Investment Solutions’ holdings in D.R. Horton were worth $3,972,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Concord Wealth Partners bought a new stake in shares of D.R. Horton in the third quarter worth $25,000. Canton Hathaway LLC bought a new stake in D.R. Horton during the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in D.R. Horton during the second quarter worth about $29,000. Finally, Westfuller Advisors LLC acquired a new position in D.R. Horton during the third quarter valued at approximately $34,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

NYSE:DHI opened at $167.96 on Monday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm’s 50-day simple moving average is $152.48 and its 200 day simple moving average is $157.11. The firm has a market cap of $48.66 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 2.59 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.66 billion. During the same quarter in the prior year, the business posted $2.61 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. As a group, sell-side 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 declared a quarterly dividend, which was paid on Thursday, February 12th. Investors 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 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Barclays lowered their price target on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. Royal Bank Of Canada increased their price target on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Finally, Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.29.

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.