KBC Group NV Sells 203,096 Shares of D.R. Horton, Inc. (NYSE:DHI)

KBC Group NV decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 74.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 67,942 shares of the construction company’s stock after selling 203,096 shares during the period. KBC Group NV’s holdings in D.R. Horton were worth $9,500,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Coastline Trust Co bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $26,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $170.20.

D.R. Horton Stock Down 1.5 %

Shares of NYSE:DHI opened at $141.85 on Thursday. The business’s 50 day moving average is $149.42 and its 200 day moving average is $169.24. The stock has a market cap of $45.51 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 0.56 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. The company has a quick ratio of 1.61, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.