D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,200 shares of the construction company’s stock after selling 300 shares during the quarter. Forsta AP Fonden’s holdings in D.R. Horton were worth $8,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Coastline Trust Co acquired a new stake in D.R. Horton during the third quarter worth approximately $26,000. Rakuten Securities Inc. increased its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the period. Grove Bank & Trust raised its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of D.R. Horton during the third quarter worth about $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $170.20.

D.R. Horton Stock Performance

Shares of DHI opened at $145.94 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The company’s fifty day moving average price is $148.99 and its 200 day moving average price is $169.05. The company has a market capitalization of $46.82 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm posted $2.82 EPS. The company’s revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 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.