Banco Bilbao Vizcaya Argentaria S.A. Decreases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 83.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,880 shares of the construction company’s stock after selling 33,860 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in D.R. Horton were worth $962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Geode Capital Management LLC raised its stake in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after buying an additional 127,606 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton during the fourth quarter valued at $593,363,000. Franklin Resources Inc. lifted its holdings in D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the period. Dimensional Fund Advisors LP boosted its position in D.R. Horton by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock worth $485,984,000 after purchasing an additional 72,161 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of D.R. Horton by 34.0% during the 4th quarter. First Trust Advisors LP now owns 2,133,159 shares of the construction company’s stock valued at $298,258,000 after purchasing an additional 540,737 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI opened at $124.69 on Monday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. 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 stock has a market capitalization of $38.30 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The stock’s 50-day moving average price is $125.87 and its 200-day moving average price is $144.55.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the business earned $3.52 earnings per share. As a group, equities analysts expect 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 will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. D.R. Horton’s dividend payout ratio is presently 12.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHI. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wells Fargo & Company cut their price objective on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. BTIG Research dropped their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Finally, UBS Group decreased 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $151.15.

About D.R. Horton

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.