E. Ohman J or Asset Management AB Invests $1.81 Million in D.R. Horton, Inc. $DHI

E. Ohman J or Asset Management AB bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,700 shares of the construction company’s stock, valued at approximately $1,813,000.

A number of other institutional investors have also recently added to or reduced their stakes in DHI. Twin Peaks Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the 2nd quarter worth about $29,000. Bayforest Capital Ltd raised its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the period. Hantz Financial Services Inc. lifted its position in D.R. Horton by 1,678.9% during the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after buying an additional 319 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in D.R. Horton during the first quarter worth approximately $51,000. Finally, Adirondack Trust Co. increased its position in shares of D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.2%

Shares of DHI opened at $146.31 on Friday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The stock has a 50-day moving average price of $150.49 and a 200 day moving average price of $151.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The company has a market capitalization of $42.59 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.74 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.92 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is currently 15.53%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Barclays increased their target price on D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 22nd. Finally, Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.08.

D.R. Horton Profile

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.