Comerica Bank Sells 37,270 Shares of D.R. Horton, Inc. (NYSE:DHI)

Comerica Bank decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 24.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 116,864 shares of the construction company’s stock after selling 37,270 shares during the period. Comerica Bank’s holdings in D.R. Horton were worth $16,340,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Nemes Rush Group LLC increased its holdings in D.R. Horton by 74.5% during 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 position in shares of D.R. Horton during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in D.R. Horton in the fourth quarter valued at approximately $38,000. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DHI. StockNews.com lowered D.R. Horton from a “hold” rating to a “sell” rating in a report on Thursday. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of 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. UBS Group cut their price target 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, The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $151.15.

D.R. Horton Stock Performance

Shares of DHI opened at $125.53 on Friday. The stock has a 50-day moving average of $125.76 and a 200-day moving average of $143.47. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a market cap of $38.56 billion, a PE ratio of 8.87, a P/E/G ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last released 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). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the prior year, the firm earned $3.52 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, May 2nd. D.R. Horton’s dividend payout ratio is currently 12.11%.

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.