Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in D.R. Horton, Inc. $DHI

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 45.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,588 shares of the construction company’s stock after purchasing an additional 28,850 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in D.R. Horton were worth $12,705,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Core Wealth Advisors LLC bought a new position in D.R. Horton in the 4th quarter worth about $25,000. Osbon Capital Management LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at about $26,000. Sound Income Strategies LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $27,000. Elevated Capital Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $27,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $158.45 on Friday. The company has a market cap of $44.93 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.36. The company has a 50-day moving average price of $150.94 and a 200-day moving average price of $150.25. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12 month low of $129.11 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter last year, the firm posted $2.58 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 10.61 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DHI shares. Truist Financial raised their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company raised their price target on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group increased their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $168.54.

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.