swisspartners Advisors Ltd Has $11.33 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

swisspartners Advisors Ltd reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,850 shares of the construction company’s stock after selling 610 shares during the period. D.R. Horton accounts for about 8.7% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 4th biggest holding. swisspartners Advisors Ltd’s holdings in D.R. Horton were worth $11,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in D.R. Horton in the first quarter valued at approximately $27,000. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter worth approximately $29,000. Riverview Trust Co acquired a new position in shares of D.R. Horton during the first quarter worth approximately $30,000. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $38,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $42,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI traded up $10.14 during trading on Thursday, hitting $149.73. The company had a trading volume of 4,529,163 shares, compared to its average volume of 2,467,107. The company has a market cap of $49.31 billion, a P/E ratio of 10.15, a PEG ratio of 0.68 and a beta of 1.71. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The business’s 50-day moving average is $143.78 and its 200 day moving average is $147.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the business earned $2.73 EPS. The company’s revenue was up 14.2% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 14.25 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Wedbush reiterated an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. UBS Group boosted their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods upped their target price on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Finally, StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $156.75.

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.