D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,438 shares of the construction company’s stock after selling 12,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in D.R. Horton were worth $8,311,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Coastline Trust Co bought a new stake in D.R. Horton in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. increased its holdings in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 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 about $30,000. FSA Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $47,000. Finally, Ashton Thomas Securities LLC acquired a new stake in D.R. Horton in the third quarter worth approximately $50,000. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Citigroup cut their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

DHI stock opened at $126.43 on Tuesday. The stock has a market cap of $39.84 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a 50 day simple moving average of $138.51 and a 200 day simple moving average of $163.95. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is 11.31%.

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.