D.R. Horton, Inc. (NYSE:DHI) Stock Position Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,928 shares of the construction company's stock after selling 3,850 shares during the period. Handelsbanken Fonder AB's holdings in D.R. Horton were worth $12,450,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $38,000. Sierra Ocean LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in D.R. Horton during the 4th quarter worth approximately $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI stock traded down $3.25 during trading on Friday, reaching $122.99. 3,201,222 shares of the company's stock were exchanged, compared to its average volume of 3,052,127. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company's fifty day moving average price is $122.20 and its 200-day moving average price is $132.73. The firm has a market cap of $37.78 billion, a PE ratio of 8.69, a P/E/G ratio of 0.54 and a beta of 1.37.

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

D.R. Horton Announces Dividend

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

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. The Goldman Sachs Group decreased their target price 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 report on Tuesday, May 13th. Barclays decreased their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Royal Bank of Canada decreased their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, Wells Fargo & Company decreased their target price on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Company Profile

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.