ABN Amro Investment Solutions Has $3.97 Million Stock Holdings in D.R. Horton, Inc. $DHI

ABN Amro Investment Solutions lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 29.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,439 shares of the construction company’s stock after selling 9,585 shares during the quarter. ABN Amro Investment Solutions’ holdings in D.R. Horton were worth $3,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Concord Wealth Partners bought a new stake in shares of D.R. Horton in the third quarter worth $25,000. Canton Hathaway LLC bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton in the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at about $29,000. Finally, Westfuller Advisors LLC bought a new position in shares of D.R. Horton during the third quarter worth about $34,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

NYSE DHI opened at $167.96 on Monday. The company has a market cap of $48.66 billion, a P/E ratio of 15.25, a PEG ratio of 2.59 and a beta of 1.44. The company has a fifty day simple moving average of $152.48 and a 200 day simple moving average of $157.11. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company posted $2.61 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts predict 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 Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Wall Street Analyst Weigh In

DHI has been the subject of several analyst reports. Evercore raised their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. 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 report on Wednesday, October 29th. Citigroup decreased their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $160.29.

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.