D.R. Horton, Inc. (NYSE:DHI) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,622 shares of the construction company’s stock after selling 7,091 shares during the period. PNC Financial Services Group Inc. owned 0.07% of D.R. Horton worth $31,407,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DHI. Coastline Trust Co acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at $30,000. Rakuten Securities Inc. increased its position in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the period. Rosenberg Matthew Hamilton increased its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $38,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DHI shares. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Barclays dropped their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI stock opened at $133.42 on Monday. The stock has a fifty day moving average price of $136.37 and a 200 day moving average price of $160.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market cap of $42.04 billion, a PE ratio of 9.43, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $2.82 earnings per share. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

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.