Skandinaviska Enskilda Banken AB publ cut its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,363 shares of the construction company’s stock after selling 1,808 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in D. R. Horton were worth $2,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of D. R. Horton by 8.2% in the fourth quarter. Sei Investments Co. now owns 24,293 shares of the construction company’s stock valued at $1,371,000 after purchasing an additional 1,831 shares in the last quarter. Victory Capital Management Inc. lifted its stake in D. R. Horton by 1.6% during the 4th quarter. Victory Capital Management Inc. now owns 810,005 shares of the construction company’s stock valued at $42,728,000 after acquiring an additional 12,940 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in D. R. Horton by 17.6% during the 4th quarter. Natixis Advisors L.P. now owns 21,894 shares of the construction company’s stock worth $1,155,000 after acquiring an additional 3,273 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of D. R. Horton in the 4th quarter worth $373,000. Finally, Mackay Shields LLC raised its holdings in shares of D. R. Horton by 5.3% in the fourth quarter. Mackay Shields LLC now owns 58,570 shares of the construction company’s stock valued at $3,089,000 after purchasing an additional 2,965 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price objective on shares of D. R. Horton from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered D. R. Horton from an “overweight” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Thursday, June 11th. Goldman Sachs Group upgraded D. R. Horton from a “sell” rating to a “buy” rating and reduced their price objective for the company from $54.00 to $45.00 in a research note on Thursday, April 2nd. Wells Fargo & Co lifted their target price on D. R. Horton from $43.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Credit Suisse Group initiated coverage on shares of D. R. Horton in a research report on Wednesday, May 27th. They set an “outperform” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. D. R. Horton presently has an average rating of “Buy” and a consensus target price of $55.12.

In other news, Director Michael W. Hewatt sold 1,833 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $50.81, for a total value of $93,134.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael W. Hewatt sold 1,000 shares of D. R. Horton stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $53.45, for a total value of $53,450.00. Following the sale, the director now owns 1,000 shares in the company, valued at $53,450. The disclosure for this sale can be found here. Corporate insiders own 6.96% of the company’s stock.

DHI opened at $54.62 on Tuesday. D. R. Horton Inc has a 12 month low of $25.51 and a 12 month high of $62.54. The company has a market cap of $19.28 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.60. The company has a current ratio of 7.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $53.61 and a 200 day moving average of $50.66.

D. R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.18. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.48 billion. D. R. Horton had a return on equity of 17.70% and a net margin of 10.26%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. Research analysts forecast that D. R. Horton Inc will post 4.45 earnings per share for the current fiscal year.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United 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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