Lansforsakringar Fondforvaltning AB publ Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,469 shares of the construction company's stock, valued at approximately $8,874,000.

A number of other large investors also recently made changes to their positions in the business. Nemes Rush Group LLC raised its position in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in D.R. Horton during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Barclays dropped their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Royal Bank of Canada lowered their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Trading Down 0.3%

Shares of NYSE DHI traded down $0.32 during midday trading on Friday, hitting $117.95. The company's stock had a trading volume of 4,305,130 shares, compared to its average volume of 3,019,151. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $122.76 and its two-hundred day moving average is $135.59. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The firm has a market cap of $36.23 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter in the previous year, the business earned $3.52 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. D.R. Horton's dividend payout ratio is currently 12.11%.

D.R. Horton 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.