Avanza Fonder AB Takes $4.56 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Avanza Fonder AB purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,581 shares of the construction company's stock, valued at approximately $4,555,000.

A number of other hedge funds have also bought and sold shares of DHI. Coastline Trust Co bought a new position in D.R. Horton during the third quarter worth about $26,000. Rakuten Securities Inc. increased its holdings in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton increased its holdings in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares during the period. Wolff Wiese Magana LLC increased its holdings in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after buying an additional 196 shares during the period. Finally, Grove Bank & Trust increased its holdings in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock valued at $41,000 after buying an additional 93 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 0.8 %

Shares of NYSE:DHI traded up $1.23 during mid-day trading on Friday, hitting $147.83. The company had a trading volume of 3,860,157 shares, compared to its average volume of 2,746,466. The firm has a fifty day moving average price of $151.85 and a 200 day moving average price of $168.79. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) 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). The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.45 EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on DHI. The Goldman Sachs Group decreased their target price on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday. Royal Bank of Canada decreased their target price on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $176.20.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were 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 SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company's stock.

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.