E. Ohman J or Asset Management AB Acquires New Position in D.R. Horton, Inc. $DHI

E. Ohman J or Asset Management AB bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, HoldingsChannel reports. The firm bought 10,700 shares of the construction company’s stock, valued at approximately $1,813,000.

A number of other institutional investors have also made changes to their positions in DHI. Norges Bank acquired a new stake in shares of D.R. Horton during the 2nd quarter valued at approximately $494,278,000. Berkshire Hathaway Inc acquired a new stake in shares of D.R. Horton during the second quarter worth $191,491,000. Viking Global Investors LP lifted its position in shares of 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 buying an additional 1,469,978 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of D.R. Horton by 42.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock valued at $378,628,000 after buying an additional 846,085 shares during the period. Finally, Amundi boosted its holdings in shares of D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after buying an additional 817,998 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 0.2%

DHI opened at $146.31 on Friday. The stock’s 50 day moving average price is $150.49 and its 200 day moving average price is $151.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. The stock has a market cap of $42.59 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.74 and a beta of 1.38. 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 announced its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The company’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.92 EPS. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio is 15.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America cut their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 22nd. Citigroup restated a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. Finally, Barclays raised their target price on D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $161.08.

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.