Keybank National Association OH Has $3.49 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Keybank National Association OH lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,922 shares of the construction company’s stock after selling 476 shares during the quarter. Keybank National Association OH’s holdings in D.R. Horton were worth $3,485,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DHI. Coastline Trust Co acquired a new position in D.R. Horton in the third quarter worth $26,000. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at $30,000. Rakuten Securities Inc. lifted its stake in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the period. Rosenberg Matthew Hamilton lifted 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 acquiring an additional 165 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays cut their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Keefe, Bruyette & Woods lowered 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 research note on Tuesday, December 10th. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Up 2.8 %

Shares of D.R. Horton stock opened at $129.47 on Thursday. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The business has a 50-day moving average of $136.65 and a two-hundred day moving average of $161.73. The company has a market capitalization of $40.80 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. 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 (NYSE:DHI) last announced 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company earned $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.