Avanza Fonder AB Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Avanza Fonder AB purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 32,581 shares of the construction company’s stock, valued at approximately $4,555,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC increased its holdings 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 shares of D.R. Horton in the third quarter worth approximately $72,672,000. Nordea Investment Management AB lifted its holdings in shares of D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV boosted 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 valued at $51,706,000 after buying an additional 212,112 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI opened at $147.83 on Friday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a market cap of $47.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The firm’s 50-day simple moving average is $151.85 and its two-hundred day simple moving average is $168.56.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHI. The Goldman Sachs Group lowered their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup dropped their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Royal Bank of Canada cut their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays decreased their price target on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $176.20.

D.R. Horton Company 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.