Keybank National Association OH Sells 2,099 Shares of D.R. Horton, Inc. (NYSE:DHI)

Keybank National Association OH reduced its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,823 shares of the construction company's stock after selling 2,099 shares during the quarter. Keybank National Association OH's holdings in D.R. Horton were worth $2,901,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DHI. Bank Pictet & Cie Europe AG increased its holdings in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after acquiring an additional 5,052 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of D.R. Horton by 35.3% in the fourth quarter. Jones Financial Companies Lllp now owns 9,535 shares of the construction company's stock worth $1,333,000 after acquiring an additional 2,487 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of D.R. Horton in the fourth quarter worth about $214,000. Commerzbank Aktiengesellschaft FI grew its holdings in shares of D.R. Horton by 27.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,438 shares of the construction company's stock worth $201,000 after buying an additional 308 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of D.R. Horton by 46.7% during the fourth quarter. Victory Capital Management Inc. now owns 513,131 shares of the construction company's stock worth $71,746,000 after buying an additional 163,356 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JMP Securities decreased their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Royal Bank Of Canada decreased 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. The Goldman Sachs Group decreased their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Performance

Shares of DHI traded down $3.53 during mid-day trading on Friday, reaching $132.08. The company's stock had a trading volume of 3,428,397 shares, compared to its average volume of 3,129,379. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The stock has a market cap of $40.57 billion, a P/E ratio of 10.00, a PEG ratio of 4.12 and a beta of 1.38. The business has a 50-day simple moving average of $124.15 and a two-hundred day simple moving average of $129.38. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the business earned $3.52 earnings per share. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. D.R. Horton's payout ratio is 12.11%.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm'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 value of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

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.