Livforsakringsbolaget Skandia Omsesidigt Lowers Stake in D.R. Horton, Inc. $DHI

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 94.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,603 shares of the construction company’s stock after selling 29,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in D.R. Horton were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital World Investors raised its position in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton in the 4th quarter worth $649,305,000. Invesco Ltd. raised its position in D.R. Horton by 18.1% in the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after purchasing an additional 517,752 shares during the period. Viking Global Investors LP raised its position in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares during the period. Finally, Capital International Investors purchased a new position in D.R. Horton in the 3rd quarter worth $395,179,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. UBS Group lifted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $145.85 on Friday. The firm has a market cap of $41.36 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 2.05 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $119.54 and a 12-month high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $145.46 and its two-hundred day simple moving average is $149.52.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.