Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 45.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,588 shares of the construction company’s stock after acquiring an additional 28,850 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in D.R. Horton were worth $12,705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital World Investors boosted its stake in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Norges Bank purchased a new position in shares of D.R. Horton in the fourth quarter worth $649,305,000. Capital International Investors bought a new position in shares of D.R. Horton during the third quarter valued at $395,179,000. Boston Partners bought a new position in shares of D.R. Horton during the third quarter valued at $274,784,000. Finally, Viking Global Investors LP boosted its position in shares of D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after buying an additional 1,469,978 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup lifted their price objective on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Wells Fargo & Company lifted 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. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Finally, Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Down 0.1%

Shares of DHI stock opened at $158.45 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12 month low of $129.11 and a 12 month high of $184.54. The stock has a market cap of $44.93 billion, a P/E ratio of 14.85, a P/E/G ratio of 2.22 and a beta of 1.36. The company has a 50 day simple moving average of $150.94 and a two-hundred day simple moving average of $150.25.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the company posted $2.58 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 10.61 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

D.R. Horton Company Profile

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.