Swedbank AB Has $59.71 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Swedbank AB increased its position in D.R. Horton, Inc. (NYSE:DHI) by 27.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 427,045 shares of the construction company’s stock after purchasing an additional 90,776 shares during the quarter. Swedbank AB’s holdings in D.R. Horton were worth $59,709,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DHI. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter valued at $1,853,178,000. FMR LLC raised its stake in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after purchasing an additional 21,073 shares in the last quarter. Smead Capital Management Inc. increased its stake in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after purchasing an additional 84,835 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 1.5 %

D.R. Horton stock opened at $141.85 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The stock’s fifty day moving average is $149.42 and its two-hundred day moving average is $169.24. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 earnings per share. Analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DHI shares. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Citigroup lowered their price objective on shares of 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. BTIG Research decreased their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $170.20.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

About D.R. Horton

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.