Nordea Investment Management AB Boosts Stake in D.R. Horton, Inc. $DHI

Nordea Investment Management AB lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,239,316 shares of the construction company’s stock after purchasing an additional 363,573 shares during the quarter. Nordea Investment Management AB’s holdings in D.R. Horton were worth $179,428,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its position in shares of D.R. Horton by 32.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 4,897 shares of the construction company’s stock worth $705,000 after acquiring an additional 1,186 shares during the last quarter. Riversedge Advisors LLC raised its position in D.R. Horton by 75.2% in the 4th quarter. Riversedge Advisors LLC now owns 2,342 shares of the construction company’s stock valued at $337,000 after purchasing an additional 1,005 shares during the last quarter. Park National Corp OH raised its position in D.R. Horton by 3.1% in the 4th quarter. Park National Corp OH now owns 249,067 shares of the construction company’s stock valued at $35,873,000 after purchasing an additional 7,460 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in D.R. Horton during the 4th quarter worth $125,000. Finally, GAMMA Investing LLC boosted its stake in D.R. Horton by 0.9% during the 4th quarter. GAMMA Investing LLC now owns 11,827 shares of the construction company’s stock worth $1,703,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Evercore boosted their price target on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Bank of America set a $158.00 price objective on D.R. Horton in a research note on Wednesday, January 21st. Finally, Truist Financial set a $155.00 target price on D.R. Horton and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $159.93.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.66% of the company’s stock.

D.R. Horton Stock Down 3.7%

DHI stock opened at $132.91 on Monday. The stock has a market capitalization of $38.51 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.43. The company has a fifty day moving average of $154.10 and a 200-day moving average of $155.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.4%. D.R. Horton’s payout ratio is presently 16.35%.

About D.R. Horton

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.