D.R. Horton, Inc. $DHI Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its D.R. Horton position by 4.8% in the third quarter, selling 7,434 shares and retaining 147,627 shares valued at approximately $20.2 million. Institutional investors collectively own 90.63% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $156.36; recent firms lowered targets while Goldman Sachs maintained a $182 buy target.
• D.R. Horton shares opened at $139.20, near the lower end of their 52-week range, while the company reported quarterly EPS of $3.20—beating estimates—and pays a quarterly dividend of $0.45, yielding about 1.3% annually.

Banque Pictet & Cie SA decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,627 shares of the construction company's stock after selling 7,434 shares during the period. Banque Pictet & Cie SA owned approximately 0.05% of D.R. Horton worth $20,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Fiduciary Financial Advisors purchased a new position in shares of D.R. Horton during the 2nd quarter valued at approximately $25,000. Caitlin John LLC purchased a new position in D.R. Horton in the second quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton in the fourth quarter worth about $26,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of D.R. Horton in the third quarter worth about $28,000. Finally, Compass Financial Management LLC acquired a new position in shares of D.R. Horton in the second quarter worth about $31,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DHI shares. Barclays decreased their price objective on shares of D.R. Horton from $141.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 6th. The Goldman Sachs Group reissued a "buy" rating and set a $182.00 target price on shares of D.R. Horton in a research note on Monday. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday. Citigroup reduced their price target on shares of D.R. Horton from $160.00 to $150.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada decreased their price target on shares of D.R. Horton from $125.00 to $119.00 and set an "underperform" rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $156.36.

D.R. Horton Trading Down 0.2%

D.R. Horton stock opened at $139.20 on Friday. The stock has a 50-day moving average price of $141.57 and a 200 day moving average price of $146.42. D.R. Horton, Inc. has a 52 week low of $130.40 and a 52 week high of $170.79. The stock has a market cap of $38.93 billion, a PE ratio of 13.24, a P/E/G ratio of 2.17 and a beta of 1.35. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The firm's revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.36 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 10.43 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton's dividend payout ratio is currently 17.13%.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

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