D.R. Horton, Inc. (NYSE:DHI) Stock Position Decreased by Tredje AP fonden

Tredje AP fonden cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 185,321 shares of the construction company’s stock after selling 8,202 shares during the quarter. Tredje AP fonden’s holdings in D.R. Horton were worth $26,117,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. raised its holdings in D.R. Horton by 11.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,476 shares of the construction company’s stock worth $528,000 after buying an additional 357 shares during the period. Janney Montgomery Scott LLC increased its position in shares of D.R. Horton by 24.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,754 shares of the construction company’s stock worth $4,978,000 after acquiring an additional 6,429 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in shares of D.R. Horton by 20.0% during the fourth quarter. Level Four Advisory Services LLC now owns 2,455 shares of the construction company’s stock valued at $373,000 after acquiring an additional 409 shares during the period. Brown Advisory Inc. lifted its position in shares of D.R. Horton by 12.0% in the 4th quarter. Brown Advisory Inc. now owns 5,461 shares of the construction company’s stock valued at $830,000 after acquiring an additional 587 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in D.R. Horton by 7.2% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 18,915 shares of the construction company’s stock worth $2,875,000 after purchasing an additional 1,277 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $195.48 on Wednesday. The stock has a market capitalization of $64.37 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.86 and a beta of 1.73. The business has a 50-day moving average of $177.90 and a two-hundred day moving average of $158.56. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $196.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.35. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the company earned $3.90 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 0.61%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

D.R. Horton announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DHI shares. Wells Fargo & Company increased their target price on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Barclays raised their price objective on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Bank of America increased their price target on shares of D.R. Horton from $168.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Evercore ISI boosted their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $182.07.

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.