Montecito Bank & Trust Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Montecito Bank & Trust grew its position in D.R. Horton, Inc. (NYSE:DHI) by 41.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,439 shares of the construction company’s stock after purchasing an additional 1,586 shares during the period. Montecito Bank & Trust’s holdings in D.R. Horton were worth $760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Secure Asset Management LLC boosted its position in D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after purchasing an additional 84 shares during the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $236,000. True North Advisors LLC bought a new stake in shares of D.R. Horton during the 4th quarter worth $3,229,000. SG Americas Securities LLC grew its position in D.R. Horton by 215.8% during the fourth quarter. SG Americas Securities LLC now owns 47,984 shares of the construction company’s stock valued at $6,709,000 after buying an additional 32,791 shares during the period. Finally, Paradiem LLC increased its holdings in D.R. Horton by 36.5% during the fourth quarter. Paradiem LLC now owns 43,346 shares of the construction company’s stock worth $6,061,000 after buying an additional 11,584 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHI. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. BTIG Research dropped their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $174.53.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Down 1.6 %

Shares of NYSE:DHI opened at $142.98 on Friday. The firm has a fifty day moving average price of $150.44 and a two-hundred day moving average price of $168.84. The company has a market cap of $45.87 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $2.82 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

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.