Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 47.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,843 shares of the construction company’s stock after selling 299,997 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of D.R. Horton worth $45,559,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DHI. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $30,000. Rakuten Securities Inc. increased its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton increased its holdings 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. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. Citigroup reduced their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Finally, Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

DHI stock opened at $133.97 on Tuesday. The stock has a market capitalization of $42.22 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $136.26 and its 200 day simple moving average is $160.54.

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, topping analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.