D.R. Horton, Inc. (NYSE:DHI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 21.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,677,100 shares of the construction company’s stock after purchasing an additional 476,816 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in D.R. Horton were worth $374,312,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nemes Rush Group LLC lifted its stake in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $38,000. Sierra Ocean LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. purchased a new position in D.R. Horton in the 4th quarter worth approximately $43,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 1.9%

NYSE DHI opened at $122.57 on Wednesday. The stock has a market capitalization of $37.65 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a 50-day moving average price of $124.39 and a 200 day moving average price of $138.11. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the prior year, the company earned $3.52 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.31%. D.R. Horton’s dividend payout ratio is currently 12.11%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Finally, BTIG Research reduced their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $151.15.

D.R. Horton 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.