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

Swiss National Bank lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 952,000 shares of the construction company's stock after selling 35,400 shares during the period. Swiss National Bank owned approximately 0.29% of D.R. Horton worth $144,685,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton in the fourth quarter worth about $38,000. BluePath Capital Management LLC bought a new position in D.R. Horton during the third quarter worth $33,000. Friedenthal Financial bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $47,000. AdvisorNet Financial Inc increased its stake in D.R. Horton by 81.8% during the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company's stock valued at $55,000 after acquiring an additional 162 shares during the period. Finally, ORG Partners LLC raised its stake in shares of D.R. Horton by 37,500.0% in the fourth quarter. ORG Partners LLC now owns 376 shares of the construction company's stock valued at $57,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares of the company's stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company's stock, valued at $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara K. Allen sold 363 shares of the firm's stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company's stock, valued at $838,799. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,812 shares of company stock valued at $4,029,217. Corporate insiders own 1.74% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on DHI shares. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $175.00 to $172.00 and set an "outperform" rating for the company in a research note on Wednesday, January 24th. Wedbush reissued an "underperform" rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Jefferies Financial Group upped their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a "hold" rating in a research note on Friday, April 19th. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. Finally, UBS Group increased their price target on D.R. Horton from $192.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $158.06.

D.R. Horton Stock Up 2.1 %

Shares of DHI traded up $3.02 during midday trading on Friday, hitting $148.48. The stock had a trading volume of 3,134,157 shares, compared to its average volume of 2,607,539. The firm has a market cap of $48.90 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.72 and a beta of 1.66. The company has a 50 day simple moving average of $152.09 and a two-hundred day simple moving average of $141.48. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter last year, the firm earned $2.73 EPS. D.R. Horton's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton's payout ratio is 8.17%.

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.