National Bank of Canada FI Has $20.01 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

National Bank of Canada FI lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 57.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,587 shares of the construction company’s stock after selling 181,447 shares during the quarter. National Bank of Canada FI’s holdings in D.R. Horton were worth $20,014,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in D.R. Horton by 13.3% in the third quarter. Commonwealth Equity Services LLC now owns 32,550 shares of the construction company’s stock worth $3,498,000 after purchasing an additional 3,811 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $211,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of D.R. Horton by 2.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,119 shares of the construction company’s stock valued at $6,354,000 after acquiring an additional 1,673 shares in the last quarter. Strs Ohio lifted its position in shares of D.R. Horton by 1.7% during the 3rd quarter. Strs Ohio now owns 82,999 shares of the construction company’s stock valued at $8,919,000 after acquiring an additional 1,361 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in D.R. Horton by 2.0% during the third quarter. IFM Investors Pty Ltd now owns 63,809 shares of the construction company’s stock worth $6,858,000 after acquiring an additional 1,250 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,812 shares of company stock valued at $4,330,617. Insiders own 1.74% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $151.42 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The firm has a 50-day moving average of $152.32 and a 200-day moving average of $142.72. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The company has a market cap of $49.86 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.73 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last issued 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. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the firm posted $2.73 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.79%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. JMP Securities increased their price target on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Jefferies Financial Group raised their price objective 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. Raymond James upped their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Citigroup lifted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.41.

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.