D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 112.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 407,512 shares of the construction company's stock after acquiring an additional 215,947 shares during the quarter. Nordea Investment Management AB owned about 0.13% of D.R. Horton worth $57,255,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Coastline Trust Co bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of 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 worth $40,000 after buying an additional 196 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after buying an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BTIG Research reduced their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. UBS Group lowered their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price for the company in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $176.67.

D.R. Horton Trading Up 1.5 %

DHI traded up $2.13 during trading on Wednesday, hitting $139.97. 3,066,552 shares of the stock were exchanged, compared to its average volume of 2,791,319. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The firm has a market cap of $44.91 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 0.57 and a beta of 1.75. The firm has a 50 day simple moving average of $156.17 and a 200 day simple moving average of $168.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $4.45 earnings per share. As a group, equities analysts expect that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio is currently 11.14%.

D.R. Horton 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.