Central Bank & Trust Co. Trims Holdings in D.R. Horton, Inc. (NYSE:DHI)

Central Bank & Trust Co. lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 18.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,760 shares of the construction company’s stock after selling 6,819 shares during the period. Central Bank & Trust Co.’s holdings in D.R. Horton were worth $4,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC boosted its holdings in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in D.R. Horton during the 3rd quarter worth about $72,672,000. Nordea Investment Management AB raised its stake in shares of D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after buying an additional 215,947 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $147.83 on Tuesday. The firm has a 50-day simple moving average of $151.85 and a 200-day simple moving average of $169.02. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $47.43 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.45 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. UBS Group cut their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Evercore ISI lowered their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Friday. Finally, BTIG Research dropped their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.20.

About D.R. Horton

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.