Fifth Third Bancorp Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Fifth Third Bancorp cut its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,915 shares of the construction company's stock after selling 21,458 shares during the period. Fifth Third Bancorp's holdings in D.R. Horton were worth $7,490,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in D.R. Horton during the fourth quarter valued at $593,363,000. Franklin Resources Inc. grew its holdings in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after purchasing an additional 1,490,648 shares during the period. GAMMA Investing LLC grew its holdings in D.R. Horton by 19,102.6% during the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the period. Two Sigma Investments LP grew its holdings in D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after purchasing an additional 832,358 shares during the period. Finally, Raymond James Financial Inc. bought a new position in D.R. Horton during the fourth quarter valued at $98,720,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods lowered 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 report on Tuesday, April 22nd. JMP Securities lowered their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. Barclays lowered their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Trading Down 2.6%

D.R. Horton stock traded down $3.25 during midday trading on Friday, reaching $122.99. The stock had a trading volume of 3,201,222 shares, compared to its average volume of 3,052,127. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market cap of $37.78 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. The company has a fifty day moving average of $122.20 and a 200 day moving average of $132.73.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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). 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 return on equity of 18.48% and a net margin of 12.69%. During the same quarter in the prior year, the company earned $3.52 earnings per share. On average, 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 company 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. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.30%. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

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.