Bank Pictet & Cie Europe AG Purchases 5,052 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bank Pictet & Cie Europe AG grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 319,166 shares of the construction company’s stock after acquiring an additional 5,052 shares during the period. D.R. Horton makes up approximately 1.0% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 27th biggest position. Bank Pictet & Cie Europe AG’s holdings in D.R. Horton were worth $44,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Valeo Financial Advisors LLC grew its stake in shares of D.R. Horton by 6.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,796 shares of the construction company’s stock worth $531,000 after buying an additional 229 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of D.R. Horton by 8.6% during the fourth quarter. V Square Quantitative Management LLC now owns 7,118 shares of the construction company’s stock worth $995,000 after buying an additional 563 shares during the last quarter. Figure 8 Investment Strategies LLC bought a new stake in shares of D.R. Horton during the fourth quarter worth $965,000. Vontobel Holding Ltd. grew its stake in shares of D.R. Horton by 52.9% during the fourth quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company’s stock worth $2,319,000 after buying an additional 5,736 shares during the last quarter. Finally, IMS Capital Management grew its stake in shares of D.R. Horton by 19.1% during the fourth quarter. IMS Capital Management now owns 4,543 shares of the construction company’s stock worth $635,000 after buying an additional 730 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

DHI has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Wells Fargo & Company cut their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. BTIG Research cut their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Up 1.0 %

NYSE:DHI opened at $130.63 on Friday. D.R. Horton, Inc. has a one year low of $125.84 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a 50-day moving average of $142.12 and a 200-day moving average of $166.44. The company has a market cap of $41.16 billion, a PE ratio of 9.23, a PEG ratio of 0.58 and a beta of 1.76.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

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.