FineMark National Bank & Trust Sells 2,400 Shares of D.R. Horton, Inc. (NYSE:DHI)

FineMark National Bank & Trust decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 57.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,783 shares of the construction company’s stock after selling 2,400 shares during the quarter. FineMark National Bank & Trust’s holdings in D.R. Horton were worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton in the 4th quarter worth about $30,000. Rosenberg Matthew Hamilton increased its stake in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $43,000. Finally, FSA Wealth Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $129.38 on Thursday. The firm has a market capitalization of $40.77 billion, a P/E ratio of 9.14, a PEG ratio of 0.54 and a beta of 1.80. 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, Inc. has a one year low of $124.23 and a one year high of $199.85. The business has a fifty day moving average of $133.67 and a 200 day moving average of $155.84.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.12 billion. During the same period in the previous year, the company posted $2.82 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton’s payout ratio is presently 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent research reports. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. JMP Securities reissued a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Barclays decreased their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.