Pictet Asset Management Holding SA Has $162.19 Million Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Pictet Asset Management increased its D.R. Horton stake by 216.8% in Q4 to 1,126,005 shares—worth about $162.19 million after purchasing an additional 770,521 shares.
• D.R. Horton beat quarterly EPS expectations ($2.24 vs. $2.15) though revenue fell 2.3% year‑over‑year, and analysts’ consensus is a Hold with an average price target of $168.54.
• The company announced a quarterly dividend of $0.45 (annualized $1.80), implying a ~1.1% yield, payable May 14 with an ex‑dividend date of May 7.

Pictet Asset Management Holding SA lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 216.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,126,005 shares of the construction company's stock after purchasing an additional 770,521 shares during the quarter. Pictet Asset Management Holding SA owned about 0.39% of D.R. Horton worth $162,186,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Hemington Wealth Management boosted its position in D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company's stock worth $59,000 after acquiring an additional 64 shares during the last quarter. Apella Capital LLC boosted its position in D.R. Horton by 0.8% during the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company's stock worth $1,454,000 after acquiring an additional 69 shares during the last quarter. Mutual Advisors LLC boosted its position in D.R. Horton by 4.0% during the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company's stock worth $288,000 after acquiring an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in D.R. Horton by 17.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company's stock worth $80,000 after acquiring an additional 71 shares during the last quarter. Finally, Caitlin John LLC boosted its position in D.R. Horton by 3.4% during the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company's stock worth $411,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Bank of America set a $158.00 price target on D.R. Horton in a research report on Wednesday, January 21st. Wells Fargo & Company upped their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 22nd. Evercore upped their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an "in-line" rating in a research report on Wednesday, January 21st. Citizens Jmp reaffirmed a "market perform" rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Finally, Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average price target of $168.54.

D.R. Horton Trading Down 0.2%

NYSE DHI opened at $159.54 on Tuesday. The company has a market cap of $46.22 billion, a PE ratio of 14.95, a PEG ratio of 2.54 and a beta of 1.44. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The stock has a 50 day moving average of $147.96 and a 200-day moving average of $150.54.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 10.53 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 7th. D.R. Horton's dividend payout ratio is presently 16.87%.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company's stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company's stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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