CIBC Private Wealth Group LLC Sells 257 Shares of D.R. Horton, Inc. (NYSE:DHI)

CIBC Private Wealth Group LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,002 shares of the construction company’s stock after selling 257 shares during the period. CIBC Private Wealth Group LLC’s holdings in D.R. Horton were worth $1,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Golden State Wealth Management LLC bought a new position in D.R. Horton in the fourth quarter valued at about $30,000. Rosenberg Matthew Hamilton lifted its position in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton in the 4th quarter valued at about $38,000. Sierra Ocean LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $43,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of D.R. Horton during the fourth quarter worth approximately $51,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI opened at $122.29 on Friday. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 0.54 and a beta of 1.80. The business’s 50-day moving average price is $131.33 and its two-hundred day moving average price is $153.49. D.R. Horton, Inc. has a 1 year low of $121.10 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.31%. D.R. Horton’s payout ratio is currently 11.31%.

Analyst Ratings Changes

DHI has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Barclays reduced their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from 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.