Swedbank AB Purchases 156,735 Shares of D.R. Horton, Inc. (NYSE:DHI)

Swedbank AB increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 87.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 336,269 shares of the construction company's stock after acquiring an additional 156,735 shares during the quarter. Swedbank AB owned about 0.10% of D.R. Horton worth $64,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Greenhaven Associates Inc. increased its position in D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company's stock worth $517,198,000 after acquiring an additional 81,900 shares during the period. Smead Capital Management Inc. increased its holdings in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after buying an additional 84,835 shares during the period. Earnest Partners LLC increased its holdings in D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock valued at $290,901,000 after buying an additional 9,137 shares during the period. Principal Financial Group Inc. increased its holdings in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares during the period. Finally, National Pension Service increased its holdings in D.R. Horton by 6.0% in the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company's stock valued at $211,507,000 after buying an additional 62,971 shares during the period. Institutional investors own 90.63% of the company's stock.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm'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 document filed with the SEC, which is available at the SEC website. Insiders own 1.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America boosted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Evercore ISI lowered their price target on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada lowered their price target 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. Finally, BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $185.87.

D.R. Horton Price Performance

NYSE DHI traded up $9.44 on Monday, hitting $172.97. 4,725,577 shares of the company were exchanged, compared to its average volume of 2,518,966. The firm has a 50 day moving average of $179.34 and a two-hundred day moving average of $167.76. The company has a market cap of $55.55 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.59 and a beta of 1.74. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $4.45 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The firm 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 represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

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.