Bank Pictet & Cie Europe AG Sells 36,738 Shares of D.R. Horton, Inc. $DHI

Bank Pictet & Cie Europe AG reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,819 shares of the construction company’s stock after selling 36,738 shares during the period. Bank Pictet & Cie Europe AG’s holdings in D.R. Horton were worth $17,402,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in D.R. Horton by 3.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 116,838 shares of the construction company’s stock valued at $16,828,000 after purchasing an additional 3,502 shares in the last quarter. Fulcrum Capital LLC increased its stake in shares of D.R. Horton by 2.3% in the fourth quarter. Fulcrum Capital LLC now owns 46,305 shares of the construction company’s stock worth $6,669,000 after purchasing an additional 1,054 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $373,000. J. Safra Sarasin Holding AG bought a new stake in shares of D.R. Horton during the 4th quarter valued at $832,000. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of D.R. Horton by 1.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 108,732 shares of the construction company’s stock valued at $15,661,000 after buying an additional 1,432 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $138.34 on Thursday. The company has a market cap of $40.08 billion, a P/E ratio of 12.56, a P/E/G ratio of 2.12 and a beta of 1.44. 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 fifty day moving average is $150.68 and its two-hundred day moving average is $153.04.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the business posted $2.61 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DHI shares. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Barclays dropped their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Wells Fargo & Company reissued an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Finally, Argus boosted their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus price target of $159.93.

D.R. Horton 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.