Nordea Investment Management AB Sells 140,757 Shares of D.R. Horton, Inc. $DHI

Nordea Investment Management AB lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 15.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 748,190 shares of the construction company’s stock after selling 140,757 shares during the quarter. Nordea Investment Management AB’s holdings in D.R. Horton were worth $96,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. GAMMA Investing LLC raised its stake in D.R. Horton by 51.0% in the first quarter. GAMMA Investing LLC now owns 7,211 shares of the construction company’s stock valued at $917,000 after purchasing an additional 2,437 shares in the last quarter. Ritholtz Wealth Management raised its stake in D.R. Horton by 6.5% in the first quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company’s stock valued at $270,000 after purchasing an additional 129 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in D.R. Horton by 25.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company’s stock valued at $325,000 after purchasing an additional 511 shares in the last quarter. Blue Trust Inc. raised its stake in D.R. Horton by 23.5% in the first quarter. Blue Trust Inc. now owns 3,888 shares of the construction company’s stock valued at $494,000 after purchasing an additional 741 shares in the last quarter. Finally, Advisor Resource Council acquired a new position in D.R. Horton in the first quarter valued at about $643,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares in the company, valued at $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 over the last ninety days. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of analyst reports. UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Evercore ISI set a $169.00 target price on D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Wedbush lifted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $156.54.

D.R. Horton Stock Performance

Shares of DHI stock opened at $153.54 on Friday. The business’s 50-day moving average price is $167.08 and its 200-day moving average price is $141.87. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. The firm has a market capitalization of $45.77 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.19 and a beta of 1.40. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating 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 firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the firm posted $4.10 earnings per share. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 12.83%.

D.R. Horton Company Profile

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.