Avanza Fonder AB Has $3.83 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Avanza Fonder AB decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,916 shares of the construction company's stock after selling 2,665 shares during the quarter. Avanza Fonder AB's holdings in D.R. Horton were worth $3,828,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC raised its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the fourth quarter worth $38,000. Sierra Ocean LLC acquired a new position in D.R. Horton during the fourth quarter worth $43,000. Finally, Itau Unibanco Holding S.A. bought a new position in D.R. Horton in the fourth quarter valued at $43,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

DHI stock traded down $3.25 during midday trading on Friday, reaching $122.99. 3,201,222 shares of the company were exchanged, compared to its average volume of 3,052,127. The firm has a market capitalization of $37.78 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. The business has a 50-day moving average price of $122.20 and a two-hundred day moving average price of $132.73. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the company posted $3.52 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is 12.11%.

Analyst Ratings Changes

A number of research firms have recently commented on DHI. JPMorgan Chase & Co. reduced their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group reduced their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. BTIG Research dropped their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Finally, JMP Securities decreased their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $151.15.

About D.R. Horton

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.