Livforsakringsbolaget Skandia Omsesidigt Sells 2,200 Shares of D.R. Horton, Inc. (NYSE:DHI)

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in D.R. Horton, Inc. (NYSE:DHIGet Rating) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,277 shares of the construction company’s stock after selling 2,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in D.R. Horton were worth $879,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fairfield Bush & CO. bought a new stake in shares of D.R. Horton in the 1st quarter valued at about $28,000. SeaCrest Wealth Management LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at about $30,000. Tcwp LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at about $35,000. Arlington Partners LLC raised its holdings in shares of D.R. Horton by 300.0% in the 2nd quarter. Arlington Partners LLC now owns 480 shares of the construction company’s stock valued at $32,000 after purchasing an additional 360 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of D.R. Horton by 65.6% in the 2nd quarter. Larson Financial Group LLC now owns 515 shares of the construction company’s stock valued at $34,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

D.R. Horton Stock Down 0.4 %

NYSE:DHI opened at $85.93 on Friday. The company has a current ratio of 5.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. D.R. Horton, Inc. has a twelve month low of $59.25 and a twelve month high of $110.45. The company’s 50 day moving average is $77.50 and its two-hundred day moving average is $74.02. The company has a market cap of $29.59 billion, a PE ratio of 5.20, a P/E/G ratio of 1.03 and a beta of 1.54.

D.R. Horton (NYSE:DHIGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The construction company reported $4.67 EPS for the quarter, missing the consensus estimate of $5.06 by ($0.39). D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The business had revenue of $9.64 billion for the quarter, compared to analyst estimates of $9.97 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 9.32 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, December 1st. D.R. Horton’s payout ratio is presently 6.05%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 470 shares of D.R. Horton stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $84.86, for a total transaction of $39,884.20. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $479,459. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Barbara K. Allen sold 470 shares of the business’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $84.86, for a total value of $39,884.20. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $479,459. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael R. Buchanan sold 2,167 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total transaction of $154,940.50. Following the completion of the transaction, the director now owns 3,378 shares of the company’s stock, valued at $241,527. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,937 shares of company stock worth $476,517. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHI. Citigroup lifted their price objective on shares of D.R. Horton to $91.00 in a research report on Tuesday, November 15th. Royal Bank of Canada cut their price objective on shares of D.R. Horton from $70.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 10th. BTIG Research lifted their price objective on shares of D.R. Horton from $90.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of D.R. Horton from $81.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 22nd. Finally, Wedbush cut their price objective on shares of D.R. Horton from $97.00 to $83.00 and set an “outperform” rating on the stock in a research report on Monday, October 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.92.

D.R. Horton Company Profile

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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 106 markets across 33 states under the names of D.R.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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