Gulf International Bank UK Ltd Sells 1,298 Shares of D.R. Horton, Inc. (NYSE:DHI)

Gulf International Bank UK Ltd reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,764 shares of the construction company’s stock after selling 1,298 shares during the period. Gulf International Bank UK Ltd’s holdings in D.R. Horton were worth $2,903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Equity Partners boosted its holdings in D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after buying an additional 3,171 shares during the period. KBC Group NV boosted its holdings in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the period. Legacy CG LLC bought a new position in D.R. Horton in the 3rd quarter worth approximately $4,220,000. Toronto Dominion Bank boosted its holdings in D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares during the period. Finally, Pensionfund Sabic boosted its holdings in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after buying an additional 4,000 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $126.59 on Friday. The stock has a market cap of $39.89 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The firm’s fifty day moving average price is $137.48 and its 200-day moving average price is $162.85. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week 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.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays cut their price target 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. JMP Securities reissued a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton 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.