Livforsakringsbolaget Skandia Omsesidigt Sells 29,700 Shares of D.R. Horton, Inc. $DHI

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 94.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,603 shares of the construction company’s stock after selling 29,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in D.R. Horton were worth $231,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DHI. Integrated Wealth Concepts LLC raised its stake in D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new position in D.R. Horton in the second quarter worth about $302,000. Brown Advisory Inc. raised its stake in D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after buying an additional 2,859 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Down 0.4%

NYSE:DHI opened at $145.85 on Friday. D.R. Horton, Inc. has a one year low of $119.54 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The company’s 50-day simple moving average is $145.46 and its 200 day simple moving average is $149.52. The firm has a market capitalization of $41.36 billion, a P/E ratio of 13.67, a PEG ratio of 2.05 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is 16.87%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DHI shares. Wells Fargo & Company increased their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Truist Financial boosted their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Citigroup boosted their price objective on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $168.54.

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.