Banque Pictet & Cie SA Sells 17,234 Shares of D.R. Horton, Inc. (NYSE:DHI)

Banque Pictet & Cie SA lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 400,465 shares of the construction company’s stock after selling 17,234 shares during the period. Banque Pictet & Cie SA’s holdings in D.R. Horton were worth $55,993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Coastline Trust Co bought a new stake in D.R. Horton during the third quarter worth about $26,000. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the fourth quarter worth about $30,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its stake in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on DHI shares. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. UBS Group reduced their target price 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. Barclays reduced their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $170.93.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $129.29 on Friday. D.R. Horton, Inc. has a 52-week low of $125.84 and a 52-week high of $199.85. The stock has a market cap of $40.74 billion, a PE ratio of 9.14, a PEG ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm’s 50 day moving average price is $142.72 and its two-hundred day moving average price is $166.70.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton’s dividend payout ratio is 11.31%.

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.