Nordea Investment Management AB Buys 215,947 Shares of D.R. Horton, Inc. (NYSE:DHI)

Nordea Investment Management AB lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 112.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 407,512 shares of the construction company’s stock after acquiring an additional 215,947 shares during the period. Nordea Investment Management AB owned approximately 0.13% of D.R. Horton worth $57,255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC bought a new stake in D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC boosted its stake in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in D.R. Horton during the third quarter valued at approximately $72,672,000. KBC Group NV raised its stake in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of D.R. Horton by 12.3% in the 3rd quarter. Holocene Advisors LP now owns 1,513,734 shares of the construction company’s stock worth $288,775,000 after acquiring an additional 165,997 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 1.2 %

Shares of NYSE:DHI opened at $137.73 on Wednesday. The firm has a market capitalization of $44.19 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.57 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a 50 day moving average price of $156.17 and a 200-day moving average price of $168.87. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Analyst Ratings Changes

DHI has been the topic of several recent research reports. Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday. Barclays reiterated an “equal weight” rating and issued a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Bank of America boosted their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Evercore ISI cut their target price 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $177.40.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on 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 filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

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.