Cullen Frost Bankers Inc. Sells 33,524 Shares of D.R. Horton, Inc. (NYSE:DHI)

Cullen Frost Bankers Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 29.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,804 shares of the construction company's stock after selling 33,524 shares during the period. Cullen Frost Bankers Inc.'s holdings in D.R. Horton were worth $10,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Victory Capital Management Inc. raised its position in shares of D.R. Horton by 67.4% during the first quarter. Victory Capital Management Inc. now owns 858,980 shares of the construction company's stock valued at $109,202,000 after buying an additional 345,849 shares during the last quarter. Tectonic Advisors LLC raised its position in shares of D.R. Horton by 36.3% during the first quarter. Tectonic Advisors LLC now owns 10,255 shares of the construction company's stock valued at $1,304,000 after buying an additional 2,732 shares during the last quarter. Wealthfront Advisers LLC raised its position in shares of D.R. Horton by 6.1% during the first quarter. Wealthfront Advisers LLC now owns 83,435 shares of the construction company's stock valued at $10,607,000 after buying an additional 4,832 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of D.R. Horton by 3.2% during the first quarter. Apollon Wealth Management LLC now owns 18,767 shares of the construction company's stock valued at $2,386,000 after buying an additional 576 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of D.R. Horton by 8.1% during the first quarter. Signaturefd LLC now owns 10,051 shares of the construction company's stock valued at $1,278,000 after buying an additional 756 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

D.R. Horton Price Performance

D.R. Horton stock traded up $0.21 during trading hours on Friday, hitting $131.86. 5,125,531 shares of the stock were exchanged, compared to its average volume of 3,188,689. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The stock has a market capitalization of $40.50 billion, a P/E ratio of 9.98, a P/E/G ratio of 4.11 and a beta of 1.38. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The business's 50-day moving average is $125.81 and its two-hundred day moving average is $129.08.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. During the same period in the prior year, the company posted $3.52 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared 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 1.21%. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Royal Bank Of Canada dropped their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, Barclays dropped their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $151.15.

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.