D.R. Horton, Inc. $DHI Stake Boosted by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,743 shares of the construction company’s stock after purchasing an additional 127,553 shares during the period. Nordea Investment Management AB owned about 0.29% of D.R. Horton worth $146,538,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Canton Hathaway LLC bought a new stake in shares of D.R. Horton during the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in D.R. Horton in the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of D.R. Horton during the second quarter valued at approximately $29,000. True Wealth Design LLC raised its position in shares of D.R. Horton by 786.1% during the 3rd quarter. True Wealth Design LLC now owns 319 shares of the construction company’s stock worth $54,000 after purchasing an additional 283 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after purchasing an additional 319 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $160.89 on Wednesday. The firm has a market capitalization of $46.83 billion, a PE ratio of 13.88, a P/E/G ratio of 1.91 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $149.33 and a 200 day moving average price of $154.11. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.92 earnings per share. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s payout ratio is currently 15.53%.

Analyst Ratings Changes

A number of brokerages recently commented on DHI. Citigroup lowered their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Finally, Barclays raised their price target on shares of D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.62.

D.R. Horton News Summary

Here are the key news stories impacting D.R. Horton this week:

• Positive Sentiment: Stock momentum: DHI has recently outpaced the broader market, suggesting continued investor interest and relative strength into earnings season. DR Horton (DHI) outpaces stock market gains: What you should know
• Neutral Sentiment: Timing: D.R. Horton is projected to report quarterly results this week — investors should watch revenue trends, home closings, backlog, and margins for signs of stabilizing demand. D.R. Horton (DHI) Projected to Post Quarterly Earnings on Tuesday
• Neutral Sentiment: Street view: Brokerages’ consensus rating is a “Hold,” indicating mixed expectations heading into the print. That suggests limited near-term directional conviction from analysts. D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Rating of “Hold” from Brokerages
• Negative Sentiment: Analysts expect earnings to decline vs. last year and say DHI lacks the typical drivers for an earnings beat — downside risk to EPS estimates and guidance is a key near-term catalyst. Analysts Estimate D.R. Horton (DHI) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Rate sensitivity & downgrade chatter: Jim Cramer and coverage notes point to high mortgage/borrowing rates as a driver for recent downgrades — reinforces risk that higher rates will pressure demand, margins, and order trends. DR Horton (DHI) downgrade is due to high rates, says Jim Cramer
• Negative Sentiment: Valuation vs. peers: Analysis points out DHI trades at a significant premium to a regional rival despite weaker recent returns — could limit upside if growth/ROE don’t reaccelerate. The Nation’s Largest Homebuilder Commands a 75% Valuation Premium Despite Lower Returns Than Its Regional Rival

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.