Whittier Trust Co. of Nevada Inc. Has $97,000 Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Whittier Trust Co. of Nevada Inc. lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 47.9% during the first quarter, Holdings Channel.com reports. The fund owned 592 shares of the construction company’s stock after selling 545 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in D.R. Horton were worth $97,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DHI. Norges Bank bought a new stake in shares of D.R. Horton during the fourth quarter worth approximately $516,530,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of D.R. Horton by 62.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after acquiring an additional 525,705 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after acquiring an additional 484,058 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of D.R. Horton by 295.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,992 shares of the construction company’s stock valued at $89,678,000 after buying an additional 407,076 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in shares of D.R. Horton by 1,719.1% in the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock valued at $65,267,000 after buying an additional 405,838 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

D.R. Horton Trading Down 0.1 %

D.R. Horton stock traded down $0.18 during trading hours on Tuesday, reaching $136.00. 1,687,853 shares of the company’s stock were exchanged, compared to its average volume of 2,447,440. The firm has a market capitalization of $44.79 billion, a PE ratio of 9.33, a PEG ratio of 0.67 and a beta of 1.71. The firm’s 50 day simple moving average is $143.97 and its 200 day simple moving average is $148.02. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. Research analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Wedbush reiterated an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. Royal Bank of Canada cut their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. BTIG Research cut their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Finally, StockNews.com cut D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $156.75.

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.