Comerica Bank Has $16.34 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Comerica Bank lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,864 shares of the construction company's stock after selling 37,270 shares during the period. Comerica Bank's holdings in D.R. Horton were worth $16,340,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter worth approximately $593,363,000. Franklin Resources Inc. lifted its stake in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after buying an additional 1,490,648 shares during the last quarter. Raymond James Financial Inc. acquired a new position in D.R. Horton in the 4th quarter valued at $98,720,000. Renaissance Technologies LLC raised its holdings in D.R. Horton by 676.4% in the 4th quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock worth $105,779,000 after acquiring an additional 659,100 shares during the period. Finally, Amundi lifted its position in D.R. Horton by 69.1% during the 4th quarter. Amundi now owns 1,358,213 shares of the construction company's stock worth $190,014,000 after acquiring an additional 555,122 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 0.6 %

DHI stock opened at $125.53 on Friday. 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 firm has a market cap of $38.56 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The business's 50 day moving average is $125.76 and its 200-day moving average is $143.47.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the company earned $3.52 earnings per share. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton's payout ratio is 12.11%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company cut their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, April 14th. StockNews.com downgraded shares of D.R. Horton from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $151.15.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.