Gulf International Bank UK Ltd Sells 3,686 Shares of D.R. Horton, Inc. $DHI

Key Points

• Gulf International Bank UK Ltd reduced its stake in D.R. Horton, Inc. by 17.8%, holding 17,078 shares valued at $2.17 million at the end of the first quarter.
• Analyst ratings for D.R. Horton show a mix of opinions, with two analysts having a sell rating and a consensus rating of Hold, alongside an average target price of $153.23.
• D.R. Horton reported $3.36 EPS for the last quarter, exceeding estimates, while the company also declared a $0.40 quarterly dividend, reflecting an annualized yield of 1.0%.

Gulf International Bank UK Ltd lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,078 shares of the construction company's stock after selling 3,686 shares during the quarter. Gulf International Bank UK Ltd's holdings in D.R. Horton were worth $2,171,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service lifted its stake in D.R. Horton by 10.1% in the first quarter. National Pension Service now owns 829,041 shares of the construction company's stock worth $105,396,000 after acquiring an additional 75,968 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in D.R. Horton by 6.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 106,101 shares of the construction company's stock worth $13,472,000 after buying an additional 6,426 shares in the last quarter. HighTower Advisors LLC increased its holdings in D.R. Horton by 10.9% in the 1st quarter. HighTower Advisors LLC now owns 227,664 shares of the construction company's stock worth $28,943,000 after buying an additional 22,329 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in D.R. Horton by 4.5% in the 1st quarter. Public Sector Pension Investment Board now owns 37,827 shares of the construction company's stock worth $4,809,000 after buying an additional 1,618 shares in the last quarter. Finally, AIA Group Ltd increased its holdings in D.R. Horton by 57.4% in the 1st quarter. AIA Group Ltd now owns 7,338 shares of the construction company's stock worth $933,000 after buying an additional 2,676 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Barclays cut their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Wedbush boosted their price target on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. 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 issued a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Price Performance

NYSE:DHI traded down $0.36 during trading hours on Monday, reaching $165.26. The stock had a trading volume of 3,638,016 shares, compared to its average volume of 3,803,954. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a 50 day moving average price of $138.23 and a two-hundred day moving average price of $130.11. The stock has a market capitalization of $49.27 billion, a PE ratio of 13.25, a PEG ratio of 3.51 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 EPS. As a group, sell-side 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 business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton's payout ratio is currently 12.83%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

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.