D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 625,840 shares of the construction company’s stock after selling 52,259 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in D.R. Horton were worth $119,391,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Coastline Trust Co acquired a new stake in D.R. Horton during the 3rd quarter worth $26,000. Rakuten Securities Inc. boosted its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Bfsg LLC grew its stake in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on DHI. JPMorgan Chase & Co. increased their price target on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada cut their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Barclays lowered their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group decreased their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Up 0.4 %

Shares of NYSE DHI opened at $169.43 on Thursday. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The business’s 50 day moving average is $178.30 and its two-hundred day moving average is $167.90. The firm has a market cap of $54.42 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.63 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the firm posted $4.45 EPS. D.R. Horton’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insider Activity

In related 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 transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.74% of the company’s stock.

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.