D.R. Horton, Inc. $DHI Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,452 shares of the construction company’s stock after selling 39,093 shares during the period. Banque Pictet & Cie SA owned 0.06% of D.R. Horton worth $24,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its stake in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Capital International Investors purchased a new position in shares of D.R. Horton in the third quarter valued at approximately $395,179,000. Boston Partners purchased a new position in shares of D.R. Horton in the third quarter valued at approximately $274,784,000. Berkshire Hathaway Inc purchased a new stake in shares of D.R. Horton during the second quarter worth approximately $191,491,000. Finally, Viking Global Investors LP boosted its stake in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DHI. UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Bank of America set a $158.00 price objective on D.R. Horton in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $159.93.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is owned by company insiders.

D.R. Horton Stock Performance

NYSE DHI opened at $138.34 on Thursday. The stock has a fifty day simple moving average of $150.68 and a 200-day simple moving average of $153.04. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $40.08 billion, a PE ratio of 12.56, a P/E/G ratio of 2.12 and a beta of 1.44. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $2.61 earnings per share. D.R. Horton’s revenue was down 9.5% compared to the same quarter last year. Equities analysts anticipate 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. Stockholders of record on Thursday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

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.