Swedbank AB Sells 17,034 Shares of D.R. Horton, Inc. $DHI

Key Points

• Swedbank AB trimmed its stake in D.R. Horton by 2.4% in the fourth quarter, selling 17,034 shares and now holding 688,841 shares (about 0.24%) worth $99.214 million per its latest 13F filing.
• D.R. Horton recently reported $2.24 EPS, beating estimates, with $7.56 billion in revenue, and declared a quarterly dividend of $0.45 (annualized $1.80, yield 1.2%; ex-dividend May 7, pay May 14).
• Institutional ownership is high at 90.63%, with large investors notably increasing positions — e.g., Capital World Investors bought an additional 18.6 million shares and now owns 30.25 million shares.

Swedbank AB lessened its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 688,841 shares of the construction company's stock after selling 17,034 shares during the period. Swedbank AB owned about 0.24% of D.R. Horton worth $99,214,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Capital World Investors increased its holdings in shares of D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company's stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Capital International Investors bought a new stake in D.R. Horton during the 3rd quarter worth approximately $395,179,000. Boston Partners bought a new position in D.R. Horton in the 3rd quarter valued at $274,784,000. Viking Global Investors LP boosted its stake in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company's stock worth $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of D.R. Horton by 769.3% during the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company's stock worth $151,375,000 after purchasing an additional 790,475 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 1.8%

Shares of NYSE DHI opened at $149.07 on Thursday. The company's fifty day moving average is $146.60 and its 200-day moving average is $150.47. The stock has a market cap of $42.27 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 2.05 and a beta of 1.41. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analysts' expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 7th. D.R. Horton's dividend payout ratio is 16.87%.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods reiterated a "reduce" rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Zacks Research upgraded shares of D.R. Horton from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. Citizens Jmp reissued a "market perform" rating on shares of D.R. Horton in a report on Wednesday, January 7th. Seaport Research Partners reaffirmed a "neutral" rating on shares of D.R. Horton in a report on Tuesday, April 7th. Finally, Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $168.54.

D.R. Horton Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.