Skandinaviska Enskilda Banken AB publ Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Skandinaviska Enskilda Banken AB publ trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,990 shares of the construction company's stock after selling 2,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in D.R. Horton were worth $8,093,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DHI. Coastline Trust Co purchased a new position in D.R. Horton in the third quarter worth about $26,000. Golden State Wealth Management LLC bought a new position in D.R. Horton in the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton grew its position 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 acquiring an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton during the fourth quarter worth $38,000. Finally, Sierra Ocean LLC purchased a new stake in shares of D.R. Horton during the fourth quarter valued at $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 2.1 %

Shares of D.R. Horton stock traded up $2.63 on Wednesday, reaching $130.48. The stock had a trading volume of 3,162,965 shares, compared to its average volume of 2,660,472. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The company has a 50 day moving average price of $134.94 and a 200 day moving average price of $157.98. 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 stock has a market capitalization of $41.12 billion, a P/E ratio of 9.22, a P/E/G ratio of 0.54 and a beta of 1.80.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is presently 11.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. JMP Securities reissued a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group dropped their price target on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $170.93.

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.