Nykredit A S Invests $15.52 Million in D.R. Horton, Inc. $DHI

Key Points

• Nykredit A S acquired 95,262 shares of D.R. Horton during the second quarter, valued at approximately $15.52 million. Institutional investors and hedge funds collectively own 90.63% of the company.
• D.R. Horton reported quarterly EPS of $3.20, beating analyst expectations of $3.02, while revenue reached $9.23 billion versus the $9.10 billion consensus estimate.
• Analyst sentiment remains cautious, with five Buy ratings and ten Holds; the stock has an average rating of “Hold” and an average price target of $166.92. Shares recently traded at $142.81, while the company maintains a $0.45 quarterly dividend.

Nykredit A S purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 95,262 shares of the construction company's stock, valued at approximately $15,516,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in shares of D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company's stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. BlackRock Inc. acquired a new stake in shares of D.R. Horton during the second quarter valued at about $4,067,842,000. Capital Research Global Investors raised its stake in shares of D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company's stock valued at $669,330,000 after acquiring an additional 13,155 shares during the period. Norges Bank purchased a new stake in shares of D.R. Horton in the 4th quarter valued at $649,305,000. Finally, Morgan Stanley boosted its stake in shares of D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company's stock valued at $530,711,000 after purchasing an additional 67,578 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Barclays boosted their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 14th. BTIG Research set a $184.00 price target on D.R. Horton in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their price target on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $166.92.

D.R. Horton Trading Down 1.1%

Shares of NYSE:DHI opened at $142.81 on Friday. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The company's 50 day moving average is $149.13 and its two-hundred day moving average is $148.84. The company has a market cap of $39.94 billion, a PE ratio of 13.59, a P/E/G ratio of 2.29 and a beta of 1.37. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $3.36 EPS. Equities analysts predict that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

D.R. Horton Profile

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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