Bank of New York Mellon Corp Sells 190,951 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bank of New York Mellon Corp decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,789,861 shares of the construction company’s stock after selling 190,951 shares during the period. Bank of New York Mellon Corp owned 0.57% of D.R. Horton worth $250,258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the fourth quarter worth $30,000. Rakuten Securities Inc. raised its stake in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE:DHI opened at $128.40 on Thursday. The firm has a market capitalization of $40.46 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.54 and a beta of 1.76. 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 fifty day moving average of $137.96 and a 200 day moving average of $163.42. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly 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 net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DHI. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Barclays reduced their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $170.93.

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.