Swedbank AB Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Swedbank AB increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 87.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 336,269 shares of the construction company’s stock after acquiring an additional 156,735 shares during the quarter. Swedbank AB’s holdings in D.R. Horton were worth $64,150,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pitcairn Co. lifted its stake in D.R. Horton by 5.2% during the third quarter. Pitcairn Co. now owns 2,081 shares of the construction company’s stock worth $397,000 after purchasing an additional 102 shares in the last quarter. Algert Global LLC boosted its holdings in D.R. Horton by 745.1% during the 3rd quarter. Algert Global LLC now owns 23,071 shares of the construction company’s stock valued at $4,401,000 after acquiring an additional 20,341 shares during the period. Cerity Partners LLC grew its position in D.R. Horton by 30.1% in the 3rd quarter. Cerity Partners LLC now owns 32,429 shares of the construction company’s stock valued at $6,187,000 after acquiring an additional 7,496 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in D.R. Horton by 34.9% during the third quarter. Great Valley Advisor Group Inc. now owns 22,559 shares of the construction company’s stock worth $4,304,000 after purchasing an additional 5,842 shares during the period. Finally, Meridian Wealth Management LLC boosted its stake in shares of D.R. Horton by 1.0% in the third quarter. Meridian Wealth Management LLC now owns 31,318 shares of the construction company’s stock valued at $5,975,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.74% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America increased their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. BTIG Research decreased their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Citigroup lowered their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Trading Up 1.0 %

Shares of D.R. Horton stock opened at $163.53 on Monday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.74. The company has a fifty day simple moving average of $179.77 and a 200-day simple moving average of $167.59.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.45 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is 11.14%.

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.