D.R. Horton, Inc. $DHI Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,239,316 shares of the construction company’s stock after purchasing an additional 363,573 shares during the period. Nordea Investment Management AB owned approximately 0.43% of D.R. Horton worth $179,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Capital World Investors raised its holdings in D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after buying an additional 18,607,545 shares during the period. State Street Corp lifted its position in D.R. Horton by 0.7% in the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after buying an additional 92,219 shares during the last quarter. Norges Bank purchased a new position in D.R. Horton during the second quarter worth about $494,278,000. Invesco Ltd. increased its position in shares of D.R. Horton by 18.1% during the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock valued at $571,456,000 after acquiring an additional 517,752 shares during the last quarter. Finally, Viking Global Investors LP raised its stake in shares of D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $132.91 on Monday. The stock’s 50-day simple moving average is $154.10 and its 200-day simple moving average is $155.27. The firm has a market capitalization of $38.51 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.43. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion during 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 firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.61 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DHI. Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. The Goldman Sachs Group restated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Argus lifted their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $159.93.

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.