D.R. Horton, Inc. (NYSE:DHI) Holdings Raised by Swedbank AB

Swedbank AB grew its position in D.R. Horton, Inc. (NYSE:DHI) by 87.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,269 shares of the construction company’s stock after acquiring an additional 156,735 shares during the quarter. Swedbank AB owned approximately 0.10% of D.R. Horton worth $64,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in DHI. Bfsg LLC increased its holdings in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $27,000. RiverPark Advisors LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $29,000. Riverview Trust Co acquired a new position in D.R. Horton during the 1st quarter valued at approximately $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in D.R. Horton during the 2nd quarter valued at approximately $31,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DHI shares. JMP Securities boosted their price objective on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Wells Fargo & Company boosted their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Bank of America boosted their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research report on Tuesday. Finally, Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $185.67.

D.R. Horton Trading Up 1.2 %

Shares of D.R. Horton stock opened at $189.40 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The firm has a market cap of $62.37 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. The business has a fifty day simple moving average of $185.95 and a 200-day simple moving average of $163.16. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.90 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton announced that its Board of Directors has initiated a share repurchase program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.