Bank Pictet & Cie Europe AG Has $26.70 Million Position in D.R. Horton, Inc. $DHI

Bank Pictet & Cie Europe AG decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 57.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 157,557 shares of the construction company’s stock after selling 208,544 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in D.R. Horton were worth $26,701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the second quarter worth $29,000. Bayforest Capital Ltd increased its position in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after purchasing an additional 194 shares during the period. True Wealth Design LLC increased its position in D.R. Horton by 786.1% in the third quarter. True Wealth Design LLC now owns 319 shares of the construction company’s stock worth $54,000 after purchasing an additional 283 shares during the period. Hantz Financial Services Inc. raised its holdings in D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after purchasing an additional 319 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in D.R. Horton during the 1st quarter valued at about $51,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of DHI stock opened at $144.01 on Friday. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The firm has a fifty day moving average of $149.50 and a 200-day moving average of $152.34. The firm has a market capitalization of $41.92 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the prior year, the firm posted $3.92 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a $0.45 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is presently 15.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DHI shares. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. BTIG Research initiated coverage on shares of D.R. Horton in a research note on Monday, December 1st. They issued a “buy” rating and a $186.00 price objective on the stock. Bank of America cut their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Citigroup restated a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada lifted their price objective on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus price target of $161.08.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.