Skandinaviska Enskilda Banken AB publ Lowers Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Skandinaviska Enskilda Banken AB publ cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 57,990 shares of the construction company’s stock after selling 2,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in D.R. Horton were worth $8,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. Coastline Trust Co bought a new position in shares of D.R. Horton during the third quarter worth about $26,000. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $30,000. FSA Wealth Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at $47,000. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the 4th quarter worth $38,000. Finally, Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 1.2 %

DHI opened at $126.78 on Friday. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The business has a 50 day simple moving average of $135.38 and a two-hundred day simple moving average of $159.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market capitalization of $39.95 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DHI shares. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $170.93.

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.