PICTET BANK & TRUST Ltd Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

PICTET BANK & TRUST Ltd lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,798 shares of the construction company’s stock after buying an additional 300 shares during the period. D.R. Horton makes up 1.4% of PICTET BANK & TRUST Ltd’s investment portfolio, making the stock its 25th largest holding. PICTET BANK & TRUST Ltd’s holdings in D.R. Horton were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC grew its position in shares of D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its stake in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. grew its position in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock opened at $130.63 on Friday. The stock has a fifty day moving average price of $142.12 and a 200 day moving average price of $166.44. 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 stock has a market cap of $41.16 billion, a PE ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85.

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 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 return on equity of 18.48% and a net margin of 12.69%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.82 EPS. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $170.93.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

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.