Handelsbanken Fonder AB Purchases 8,497 Shares of D.R. Horton, Inc. $DHI

Key Points

• Handelsbanken Fonder AB increased its D.R. Horton stake by 9.5% in the second quarter, adding 8,497 shares for a total of 97,777 shares valued at approximately $15.9 million. Institutional investors own 90.63% of the company.
• D.R. Horton reported quarterly earnings of $3.20 per share, beating estimates of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus estimate.
• The company paid a quarterly dividend of $0.45 per share, equal to an annualized $1.80 dividend and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

Handelsbanken Fonder AB increased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,777 shares of the construction company's stock after buying an additional 8,497 shares during the period. Handelsbanken Fonder AB's holdings in D.R. Horton were worth $15,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at about $25,000. Osbon Capital Management LLC purchased a new position in shares of D.R. Horton during the fourth quarter worth about $26,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $27,000. Wilkerson Advisory Group LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $30,000. Finally, First Horizon Corp lifted its position in D.R. Horton by 81.3% during the fourth quarter. First Horizon Corp now owns 223 shares of the construction company's stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $149.94 on Friday. The firm has a fifty day simple moving average of $151.91 and a two-hundred day simple moving average of $149.80. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. The company has a market capitalization of $41.94 billion, a PE ratio of 14.27, a P/E/G ratio of 2.31 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $3.36 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. Research analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton's payout ratio is 17.13%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DHI shares. Royal Bank Of Canada reissued a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. UBS Group lifted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a "buy" rating in a report on Wednesday, April 22nd. Wells Fargo & Company cut their target price on shares of D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 4th. Truist Financial raised their price target on D.R. Horton from $140.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, April 22nd. Finally, Citigroup reaffirmed a "neutral" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average price target of $166.92.

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.

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