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

Toronto Dominion Bank lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,637 shares of the construction company's stock after selling 6,332 shares during the quarter. Toronto Dominion Bank's holdings in D.R. Horton were worth $13,791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC raised its stake in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $38,000. Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DHI shares. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Royal Bank of Canada dropped their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company dropped their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods dropped their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, JMP Securities dropped their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. Two research 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. According to MarketBeat.com, D.R. Horton has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Trading Down 1.0%

Shares of D.R. Horton stock traded down $1.23 on Monday, hitting $116.83. The stock had a trading volume of 3,780,362 shares, compared to its average volume of 3,017,419. The stock has a market cap of $35.89 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 0.54 and a beta of 1.45. The stock's 50-day simple moving average is $122.51 and its two-hundred day simple moving average is $134.90. D.R. Horton, Inc. has a one year low of $110.44 and a one year 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.

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

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. D.R. Horton's dividend payout ratio is currently 12.11%.

D.R. Horton 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.