BI Asset Management Fondsmaeglerselskab A S Cuts Stake in D.R. Horton, Inc. $DHI

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 44.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,139 shares of the construction company’s stock after selling 8,963 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in D.R. Horton were worth $1,888,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DHI. Canton Hathaway LLC purchased a new position in D.R. Horton in the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new position in D.R. Horton in the 3rd quarter worth approximately $34,000. Westside Investment Management Inc. lifted its position in D.R. Horton by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in D.R. Horton in the 2nd quarter valued at approximately $29,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DHI shares. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. UBS Group set a $163.00 target price on shares of D.R. Horton in a research note on Tuesday, January 27th. Barclays dropped their price target on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $160.50.

D.R. Horton Stock Down 1.1%

DHI opened at $156.33 on Monday. The firm’s 50 day simple moving average is $152.26 and its two-hundred day simple moving average is $156.51. The company has a market capitalization of $45.29 billion, a PE ratio of 14.20, a PEG ratio of 2.41 and a beta of 1.44. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio is presently 16.35%.

About D.R. Horton

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.