Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stock Position in D.R. Horton, Inc. $DHI

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in D.R. Horton, Inc. (NYSE:DHIFree Report) by 7.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 63,738 shares of the construction company’s stock after selling 5,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in D.R. Horton were worth $9,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. Integrated Wealth Concepts LLC raised its holdings in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton in the second quarter valued at about $302,000. Brown Advisory Inc. raised its holdings in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after buying an additional 208 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after buying an additional 2,859 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.2%

NYSE DHI opened at $145.85 on Monday. The stock has a market capitalization of $41.36 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.04 and a beta of 1.38. D.R. Horton, Inc. has a 52-week low of $119.54 and a 52-week high of $184.54. The firm has a 50-day moving average price of $145.46 and a 200 day moving average price of $149.60. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHIGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group upped their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Truist Financial increased their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. UBS Group increased their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company increased their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $168.54.

Get Our Latest Analysis on D.R. Horton

D.R. Horton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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