Tredje AP fonden Takes $51.23 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Tredje AP fonden acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 403,000 shares of the construction company's stock, valued at approximately $51,233,000. Tredje AP fonden owned 0.13% of D.R. Horton as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC boosted its position in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares during the period. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton in the first quarter worth about $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $43,000. Oarsman Capital Inc. boosted its position in shares of D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after buying an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DHI. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods upped their target price on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. cut their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Royal Bank Of Canada boosted their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. Finally, UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $153.23.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded up $7.39 on Friday, reaching $150.23. 7,146,553 shares of the company were exchanged, compared to its average volume of 3,818,179. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The company's 50-day moving average is $129.88 and its two-hundred day moving average is $129.40. The firm has a market cap of $44.79 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 3.05 and a beta of 1.38. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the company posted $4.10 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

About D.R. Horton

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.