Nordea Investment Management AB Sells 1,452 Shares of D.R. Horton, Inc. (NYSE:DHI)

Nordea Investment Management AB cut its holdings in D.R. Horton, Inc. (NYSE:DHIFree Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,479 shares of the construction company’s stock after selling 1,452 shares during the period. Nordea Investment Management AB’s holdings in D.R. Horton were worth $4,181,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its stake in shares of D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after acquiring an additional 79 shares during the last quarter. FineMark National Bank & Trust raised its stake in shares of D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after acquiring an additional 80 shares during the last quarter. Tiemann Investment Advisors LLC raised its stake in shares of D.R. Horton by 1.6% during the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock valued at $585,000 after acquiring an additional 85 shares during the last quarter. Guidance Capital Inc. raised its stake in shares of D.R. Horton by 3.2% during the third quarter. Guidance Capital Inc. now owns 3,191 shares of the construction company’s stock valued at $328,000 after acquiring an additional 99 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of D.R. Horton by 5.0% during the third quarter. Valeo Financial Advisors LLC now owns 2,211 shares of the construction company’s stock valued at $238,000 after acquiring an additional 105 shares during the last quarter. 82.12% of the stock is owned by institutional investors.

D.R. Horton Trading Up 0.3 %

NYSE:DHI opened at $161.82 on Friday. The company’s 50 day moving average price is $148.65 and its 200-day moving average price is $132.88. D.R. Horton, Inc. has a 52 week low of $94.22 and a 52 week high of $162.75. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The stock has a market cap of $53.70 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.92 and a beta of 1.64.

D.R. Horton (NYSE:DHIGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the company earned $2.76 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on DHI shares. Raymond James upped their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of D.R. Horton in a research note on Tuesday, January 23rd. Jefferies Financial Group assumed coverage on shares of D.R. Horton in a research note on Monday, November 27th. They issued a “hold” rating and a $119.00 price target for the company. Barclays increased their price target on shares of D.R. Horton from $143.00 to $166.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, Royal Bank of Canada increased their price target on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $148.65.

View Our Latest Stock Report on DHI

D.R. Horton Profile

(Free Report)

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.

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

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