Lansforsakringar Fondforvaltning AB publ Increases Stock Holdings in D.R. Horton, Inc. $DHI

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,280 shares of the construction company’s stock after purchasing an additional 6,952 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in D.R. Horton were worth $10,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hemington Wealth Management increased its holdings in D.R. Horton by 22.1% during the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after buying an additional 64 shares during the last quarter. Apella Capital LLC grew its position in shares of D.R. Horton by 0.8% during the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after acquiring an additional 69 shares during the period. Mutual Advisors LLC increased its stake in shares of D.R. Horton by 4.0% in the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after purchasing an additional 70 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of D.R. Horton by 17.8% during the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock worth $80,000 after acquiring an additional 71 shares during the last quarter. Finally, Twin Capital Management Inc. increased its holdings in D.R. Horton by 0.3% in the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price target (down previously from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Citigroup lowered their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. The Goldman Sachs Group reissued a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada raised their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $160.29.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $164.23 on Tuesday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $153.86 and its 200-day moving average price is $157.70. The firm has a market cap of $47.58 billion, a P/E ratio of 14.92, a P/E/G ratio of 2.53 and a beta of 1.44. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the business earned $2.61 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s payout ratio is 16.35%.

Insiders Place Their Bets

In other news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

D.R. Horton Company 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.