Swedbank AB Cuts Stock Holdings in D.R. Horton, Inc. $DHI

Swedbank AB trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,841 shares of the construction company’s stock after selling 17,034 shares during the quarter. Swedbank AB’s holdings in D.R. Horton were worth $99,214,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Concord Wealth Partners purchased a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $25,000. Sound Income Strategies LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at approximately $27,000. Elevated Capital Advisors LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at approximately $27,000. Ameriflex Group Inc. purchased a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $31,000. Finally, First Horizon Corp increased its holdings in shares of D.R. Horton by 81.3% during the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent research reports. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. UBS Group lifted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $143.88 on Friday. The firm has a market cap of $40.80 billion, a PE ratio of 13.48, a PEG ratio of 2.01 and a beta of 1.41. The firm has a fifty day moving average of $143.93 and a 200 day moving average of $149.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a one year low of $114.17 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS. As a group, research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is presently 16.87%.

D.R. Horton Company 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.