Swedbank AB Purchases 90,776 Shares of D.R. Horton, Inc. (NYSE:DHI)

Swedbank AB lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 427,045 shares of the construction company's stock after purchasing an additional 90,776 shares during the period. Swedbank AB owned approximately 0.13% of D.R. Horton worth $59,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Algert Global LLC increased its position in D.R. Horton by 11.4% in the second quarter. Algert Global LLC now owns 2,730 shares of the construction company's stock worth $385,000 after purchasing an additional 280 shares during the period. Creative Planning lifted its holdings in D.R. Horton by 1.8% in the second quarter. Creative Planning now owns 37,322 shares of the construction company's stock valued at $5,260,000 after buying an additional 670 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in D.R. Horton by 8.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,685 shares of the construction company's stock valued at $2,493,000 after acquiring an additional 1,422 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of D.R. Horton by 67.2% during the 2nd quarter. NewEdge Advisors LLC now owns 10,682 shares of the construction company's stock valued at $1,505,000 after acquiring an additional 4,295 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of D.R. Horton by 5.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 7,345 shares of the construction company's stock valued at $1,035,000 after purchasing an additional 384 shares during the period. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Raymond James lowered D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. JMP Securities reissued a "market outperform" rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Finally, Wells Fargo & Company dropped their price target 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $170.20.

D.R. Horton Stock Performance

NYSE DHI traded up $3.77 during trading on Thursday, reaching $145.70. The company's stock had a trading volume of 1,672,827 shares, compared to its average volume of 3,384,635. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The firm has a 50 day moving average price of $148.99 and a 200 day moving average price of $169.05. The firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.

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 firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 earnings per share. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.