Trust Co. of Oklahoma Lowers Holdings in D.R. Horton, Inc. (NYSE:DHI)

Trust Co. of Oklahoma cut its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 49.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,837 shares of the construction company's stock after selling 2,746 shares during the period. Trust Co. of Oklahoma's holdings in D.R. Horton were worth $361,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DHI. Golden State Wealth Management LLC acquired a new stake in D.R. Horton in the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB raised its stake in D.R. Horton by 47.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 7,897 shares of the construction company's stock valued at $1,104,000 after purchasing an additional 2,526 shares during the last quarter. Stephens Inc. AR lifted its holdings in D.R. Horton by 10.4% in the 4th quarter. Stephens Inc. AR now owns 3,500 shares of the construction company's stock valued at $489,000 after purchasing an additional 330 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in D.R. Horton by 59.9% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 146,350 shares of the construction company's stock worth $20,462,000 after purchasing an additional 54,845 shares during the last quarter. Finally, Sapient Capital LLC grew its holdings in shares of D.R. Horton by 0.7% during the fourth quarter. Sapient Capital LLC now owns 65,316 shares of the construction company's stock worth $9,132,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Up 3.5%

NYSE DHI traded up $4.32 during trading hours on Tuesday, reaching $126.97. The company had a trading volume of 3,507,797 shares, compared to its average volume of 3,034,521. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $39.00 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. The stock has a 50-day moving average of $121.90 and a 200 day moving average of $133.48. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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 company had revenue of $7.73 billion during the quarter, compared to analyst estimates 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 posted $3.52 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. D.R. Horton's dividend payout ratio is currently 12.11%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. BTIG Research dropped their price target on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Keefe, Bruyette & Woods cut their price target 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. Wells Fargo & Company lowered their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus target price of $151.15.

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.