D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,200 shares of the construction company’s stock after selling 300 shares during the quarter. Forsta AP Fonden’s holdings in D.R. Horton were worth $8,417,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mountaineer Partners Management LLC acquired a new stake in D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC grew its stake in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in D.R. Horton during the 3rd quarter worth about $72,672,000. Nordea Investment Management AB boosted its stake in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after buying an additional 215,947 shares during the period. Finally, KBC Group NV grew its position in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DHI. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group dropped their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.20.

D.R. Horton Trading Up 2.8 %

NYSE DHI opened at $145.94 on Friday. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The firm has a market cap of $46.82 billion, a PE ratio of 10.31, a P/E/G ratio of 0.56 and a beta of 1.75. The firm’s fifty day moving average is $148.99 and its two-hundred day moving average is $169.05. 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 (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during 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 was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 EPS. Analysts expect that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given 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 1.10%. D.R. Horton’s payout ratio is currently 11.31%.

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.