Norges Bank Acquires Shares of 4,243,760 D.R. Horton, Inc. (NYSE:DHI)

Norges Bank bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,243,760 shares of the construction company's stock, valued at approximately $593,363,000. Norges Bank owned 1.35% of D.R. Horton at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton lifted its holdings in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after acquiring an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the fourth quarter valued at $38,000. Sierra Ocean LLC purchased a new stake in D.R. Horton during the fourth quarter valued at about $43,000. Finally, FSA Wealth Management LLC bought a new stake in D.R. Horton during the third quarter worth about $47,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DHI shares. Citigroup reduced their price objective on 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. Wedbush restated a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Barclays lowered their price target on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $170.93.

Remove Ads

D.R. Horton Trading Down 0.2 %

Shares of DHI traded down $0.24 during trading hours on Wednesday, reaching $127.17. 1,080,751 shares of the company traded hands, compared to its average volume of 2,802,905. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $132.16 and its two-hundred day moving average price is $153.89. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business's revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton's dividend payout ratio (DPR) is currently 11.31%.

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.