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

Nordea Investment Management AB boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 112.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,512 shares of the construction company’s stock after acquiring an additional 215,947 shares during the quarter. Nordea Investment Management AB’s holdings in D.R. Horton were worth $57,255,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the third quarter valued at $1,853,178,000. FMR LLC lifted its stake in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares during the period. Geode Capital Management LLC grew its stake in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after acquiring an additional 21,073 shares during the period. Smead Capital Management Inc. raised its holdings in shares of D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after purchasing an additional 9,137 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company cut their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Bank of America increased their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $177.40.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

D.R. Horton Trading Down 1.2 %

Shares of DHI opened at $137.73 on Wednesday. The firm has a market cap of $44.19 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The company has a 50 day simple moving average of $156.17 and a two-hundred day simple moving average of $168.87.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm posted $4.45 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. 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 yield of 1.16%. D.R. Horton’s payout ratio is presently 11.14%.

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.