KBC Group NV Reduces Holdings in D.R. Horton, Inc. (NYSE:DHI)

KBC Group NV lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) by 74.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,942 shares of the construction company’s stock after selling 203,096 shares during the quarter. KBC Group NV’s holdings in D.R. Horton were worth $9,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Coastline Trust Co purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton raised its holdings in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares in the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Evercore ISI cut their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.20.

Read Our Latest Stock Analysis on D.R. Horton

D.R. Horton Stock Down 1.5 %

D.R. Horton stock opened at $141.85 on Thursday. The stock has a market cap of $45.51 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. The stock has a fifty day moving average of $149.42 and a 200 day moving average of $169.24. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHIGet Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

About D.R. Horton

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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