Nykredit A S Invests $14.47 Million in D.R. Horton, Inc. $DHI

Key Points

• Nykredit A/S acquired 88,839 shares of D.R. Horton during the second quarter, valued at approximately $14.47 million. Institutional investors and hedge funds collectively own 90.63% of the company.
• D.R. Horton reported quarterly earnings of $3.20 per share, exceeding analyst expectations of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus estimate.
• The stock opened at $138.16, below its moving averages and well under its 12-month high of $176.22. Analysts maintain a consensus “Hold” rating with an average price target of $165.25; the company also pays a $0.45 quarterly dividend.

Nykredit A S acquired a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 88,839 shares of the construction company's stock, valued at approximately $14,470,000.

A number of other large investors have also recently added to or reduced their stakes in DHI. Deseret Mutual Benefit Administrators increased its stake in shares of D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company's stock worth $103,000 after purchasing an additional 71 shares in the last quarter. Cornerstone Planning Group LLC increased its position in D.R. Horton by 27.9% during the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock worth $48,000 after buying an additional 72 shares in the last quarter. AdvisorShares Investments LLC increased its position in D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company's stock worth $480,000 after buying an additional 77 shares in the last quarter. Studio Investment Management LLC raised its holdings in shares of D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company's stock worth $3,325,000 after acquiring an additional 79 shares during the last quarter. Finally, Values First Advisors Inc. lifted its position in shares of D.R. Horton by 1.6% in the first quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company's stock valued at $707,000 after acquiring an additional 80 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $138.16 on Friday. The business has a 50-day moving average of $145.66 and a two-hundred day moving average of $147.13. The firm has a market capitalization of $38.64 billion, a PE ratio of 13.15, a P/E/G ratio of 2.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $176.22.

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, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm's revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $3.36 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.45 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton's payout ratio is 17.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHI. Zelman & Associates upgraded D.R. Horton from a "neutral" rating to an "outperform" rating in a research report on Tuesday, July 7th. Weiss Ratings downgraded shares of D.R. Horton from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. Citigroup restated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their price objective on D.R. Horton from $155.00 to $145.00 and set an "equal weight" rating for the company in a research report on Friday, September 11th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $165.25.

About D.R. Horton

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.

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