Toronto Dominion Bank Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Toronto Dominion Bank trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,637 shares of the construction company's stock after selling 6,332 shares during the period. Toronto Dominion Bank's holdings in D.R. Horton were worth $13,791,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DHI. Nemes Rush Group LLC boosted its stake in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $38,000. Sierra Ocean LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the fourth quarter worth about $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DHI shares. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group dropped their price objective 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. Finally, BTIG Research dropped their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $0.17 during trading on Friday, reaching $118.73. 2,448,395 shares of the company's stock traded hands, compared to its average volume of 2,994,244. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market cap of $36.47 billion, a PE ratio of 8.39, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a 50-day simple moving average of $123.90 and a 200-day simple moving average of $137.04.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business earned $3.52 earnings per share. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

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.