D.R. Horton, Inc. $DHI Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,738 shares of the construction company’s stock after selling 5,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in D.R. Horton were worth $9,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of D.R. Horton by 22.3% in the fourth quarter. Parallel Advisors LLC now owns 3,143 shares of the construction company’s stock worth $453,000 after acquiring an additional 574 shares in the last quarter. Prudential PLC grew its stake in shares of D.R. Horton by 63.2% in the fourth quarter. Prudential PLC now owns 7,243 shares of the construction company’s stock worth $1,043,000 after acquiring an additional 2,805 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of D.R. Horton by 11.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after acquiring an additional 71 shares in the last quarter. Vise Technologies Inc. grew its stake in shares of D.R. Horton by 132.9% in the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock worth $2,150,000 after acquiring an additional 8,517 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of D.R. Horton by 27.1% in the fourth quarter. Cibc World Market Inc. now owns 41,075 shares of the construction company’s stock worth $5,916,000 after acquiring an additional 8,766 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DHI shares. UBS Group boosted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. The Goldman Sachs Group boosted their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Performance

Shares of DHI stock opened at $145.85 on Monday. D.R. Horton, Inc. has a 12 month low of $119.54 and a 12 month high of $184.54. The company has a market cap of $41.36 billion, a P/E ratio of 13.67, a PEG ratio of 2.04 and a beta of 1.38. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $145.46 and a 200 day moving average price of $149.60.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period in the previous year, the company earned $2.58 earnings per share. D.R. Horton’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is 16.87%.

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.