D.R. Horton, Inc. (NYSE:DHI) Stake Lessened by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,642 shares of the construction company’s stock after selling 243 shares during the period. Pictet Asset Management Holding SA’s holdings in D.R. Horton were worth $55,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at $1,853,178,000. Geode Capital Management LLC raised its position in D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after acquiring an additional 21,073 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton in the fourth quarter worth about $593,363,000. Charles Schwab Investment Management Inc. boosted its position in shares of D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after purchasing an additional 47,678 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Down 3.2 %

D.R. Horton stock opened at $125.87 on Friday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. 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 has a market cap of $39.66 billion, a PE ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. The firm’s 50 day moving average price is $132.91 and its two-hundred day moving average price is $155.01.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) 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 business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $2.82 earnings per share. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

DHI has been the subject of several recent research reports. UBS Group cut their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. The Goldman Sachs Group cut their target price on 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. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.93.

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.