Swiss National Bank Has $105.85 Million Position in D.R. Horton, Inc. $DHI

Swiss National Bank lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 771,400 shares of the construction company’s stock after acquiring an additional 36,100 shares during the period. Swiss National Bank’s holdings in D.R. Horton were worth $105,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DHI. Core Wealth Advisors LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at $26,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at $27,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton in the 4th quarter valued at $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth $30,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on DHI. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Citigroup increased their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $168.62.

D.R. Horton Trading Down 3.0%

Shares of NYSE DHI opened at $144.90 on Tuesday. The firm has a 50 day moving average price of $150.54 and a two-hundred day moving average price of $150.44. The stock has a market cap of $41.09 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36. D.R. Horton, Inc. has a 52-week low of $129.22 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.6 EPS for the current year.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.