Pictet Asset Management Holding SA Has $210.68 Million Holdings in D.R. Horton, Inc. $DHI

Pictet Asset Management Holding SA boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 36.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,535,482 shares of the construction company’s stock after purchasing an additional 409,477 shares during the period. Pictet Asset Management Holding SA’s holdings in D.R. Horton were worth $210,684,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DHI. Core Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton in the fourth quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $27,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $30,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DHI. Citigroup boosted their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Truist Financial increased their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company upped their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Barclays increased their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, UBS Group raised their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Trading Down 0.3%

NYSE DHI opened at $166.51 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $150.29 and a 200 day simple moving average of $150.01. D.R. Horton, Inc. has a 12 month low of $127.34 and a 12 month high of $184.54. The firm has a market capitalization of $47.22 billion, a P/E ratio of 15.61, a PEG ratio of 2.32 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the business posted $2.58 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.