Nordea Investment Management AB grew its stake in shares of D. R. Horton Inc (NYSE:DHI) by 100.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,606 shares of the construction company’s stock after acquiring an additional 98,303 shares during the period. Nordea Investment Management AB owned 0.05% of D. R. Horton worth $10,672,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. CWM LLC boosted its stake in D. R. Horton by 25.1% in the 1st quarter. CWM LLC now owns 1,061 shares of the construction company’s stock valued at $36,000 after purchasing an additional 213 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of D. R. Horton by 22.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,007 shares of the construction company’s stock worth $68,000 after purchasing an additional 367 shares during the last quarter. Comerica Bank lifted its holdings in shares of D. R. Horton by 21.2% in the first quarter. Comerica Bank now owns 114,023 shares of the construction company’s stock valued at $4,668,000 after purchasing an additional 19,913 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of D. R. Horton by 191.8% during the first quarter. Natixis Advisors L.P. now owns 63,889 shares of the construction company’s stock valued at $2,172,000 after buying an additional 41,995 shares during the last quarter. Finally, Pendal Group Ltd grew its holdings in D. R. Horton by 29.8% during the first quarter. Pendal Group Ltd now owns 17,708 shares of the construction company’s stock worth $602,000 after buying an additional 4,064 shares in the last quarter. Institutional investors own 82.78% of the company’s stock.
A number of equities analysts have issued reports on DHI shares. Susquehanna Bancshares downgraded shares of D. R. Horton from a “positive” rating to a “neutral” rating and lifted their price objective for the stock from $55.00 to $62.00 in a report on Tuesday, July 21st. JPMorgan Chase & Co. lowered shares of D. R. Horton from an “overweight” rating to a “neutral” rating and set a $59.00 price objective for the company. in a research note on Thursday, June 11th. Citigroup lifted their target price on shares of D. R. Horton from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Goldman Sachs Group lifted their price target on D. R. Horton from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Zelman & Associates downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. D. R. Horton currently has an average rating of “Hold” and an average price target of $66.22.
D. R. Horton stock opened at $68.23 on Friday. D. R. Horton Inc has a fifty-two week low of $25.51 and a fifty-two week high of $77.45. The stock’s 50 day simple moving average is $69.13 and its two-hundred day simple moving average is $53.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.65 and a current ratio of 6.82. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.89 and a beta of 1.71.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 28th. The construction company reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.42. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $4.99 billion. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. On average, analysts predict that D. R. Horton Inc will post 5.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were paid a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.70 annualized dividend and a dividend yield of 1.03%. D. R. Horton’s payout ratio is 16.32%.
In other news, COO Michael J. Murray sold 54,400 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $72.38, for a total transaction of $3,937,472.00. Following the completion of the transaction, the chief operating officer now directly owns 139,939 shares in the company, valued at $10,128,784.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 1,000 shares of D. R. Horton stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total value of $53,450.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $53,450. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,200 shares of company stock valued at $4,333,882. 6.96% of the stock is currently owned by corporate insiders.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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