Deutsche Bank AG Sells 750,688 Shares of D.R. Horton, Inc. (NYSE:DHI)

Deutsche Bank AG cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 38.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,210,995 shares of the construction company's stock after selling 750,688 shares during the quarter. Deutsche Bank AG owned 0.38% of D.R. Horton worth $169,321,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after acquiring an additional 82 shares during the last quarter. Nemes Rush Group LLC boosted its holdings in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. Secure Asset Management LLC lifted its stake in D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock valued at $257,000 after buying an additional 84 shares during the period. Horizon Investments LLC lifted its stake in D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after buying an additional 91 shares during the period. Finally, Bfsg LLC lifted its stake in D.R. Horton by 24.4% in the fourth quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after buying an additional 95 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 3.3%

DHI stock traded up $4.01 during mid-day trading on Monday, reaching $126.04. The company had a trading volume of 3,379,450 shares, compared to its average volume of 2,966,987. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a 50 day simple moving average of $125.26 and a two-hundred day simple moving average of $139.83. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the prior year, the business earned $3.52 earnings per share. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton's dividend payout ratio is currently 12.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. Royal Bank of Canada cut their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. dropped their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Finally, Wedbush reaffirmed a "neutral" rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $151.15.

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.