Swiss National Bank Decreases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Swiss National Bank reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 5.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 829,000 shares of the construction company’s stock after selling 50,700 shares during the period. Swiss National Bank’s holdings in D.R. Horton were worth $115,911,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the 3rd quarter worth approximately $1,853,178,000. FMR LLC raised its holdings in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC raised its holdings in D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after acquiring an additional 21,073 shares during the last quarter. Smead Capital Management Inc. raised its holdings in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after acquiring an additional 84,835 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after acquiring an additional 47,678 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of 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. Wedbush reiterated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Barclays decreased their target price 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Trading Up 1.2 %

Shares of D.R. Horton stock opened at $126.78 on Friday. The company has a market capitalization of $39.95 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.54 and a beta of 1.80. 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 company has a fifty day moving average of $135.38 and a 200 day moving average of $159.23. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85.

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

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 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.