D.R. Horton, Inc. $DHI Position Trimmed by Royal Bank of Canada

Royal Bank of Canada trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 54.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 322,631 shares of the construction company’s stock after selling 391,535 shares during the period. Royal Bank of Canada’s holdings in D.R. Horton were worth $44,272,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. 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 acquired a new stake in D.R. Horton during the fourth quarter worth about $26,000. Sound Income Strategies LLC bought a new position in D.R. Horton in the fourth quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $30,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DHI shares. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, UBS Group upped their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.17.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $143.36 on Monday. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54. The company has a market cap of $40.10 billion, a PE ratio of 13.64, a P/E/G ratio of 2.27 and a beta of 1.37. The stock has a 50 day simple moving average of $151.49 and a 200-day simple moving average of $150.32. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $3.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

About D.R. Horton

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.