Checchi Capital Advisers LLC Trims Stake in D.R. Horton, Inc. (NYSE:DHI)

Checchi Capital Advisers LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,427 shares of the construction company’s stock after selling 297 shares during the period. Checchi Capital Advisers LLC’s holdings in D.R. Horton were worth $479,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton in the third quarter worth approximately $1,853,178,000. FMR LLC raised its position in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of D.R. Horton during the 3rd quarter valued at $72,672,000. Nordea Investment Management AB boosted its holdings in 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 worth $57,255,000 after buying an additional 215,947 shares during the period. Finally, KBC Group NV increased its stake in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $126.43 on Friday. The company’s 50-day moving average price is $137.74 and its 200-day moving average price is $163.16. 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 cap of $39.84 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve 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 for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DHI shares. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada restated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Company 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.