Lansforsakringar Fondforvaltning AB publ Raises Stock Position in D.R. Horton, Inc. $DHI

Lansforsakringar Fondforvaltning AB publ increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,280 shares of the construction company’s stock after acquiring an additional 6,952 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in D.R. Horton were worth $10,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Concord Wealth Partners purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at $25,000. Canton Hathaway LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton in the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in D.R. Horton in the second quarter worth about $29,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of D.R. Horton during the third quarter worth about $34,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.1%

NYSE DHI opened at $164.23 on Tuesday. The company has a fifty day moving average of $153.86 and a 200 day moving average of $157.70. The company has a market capitalization of $47.58 billion, a PE ratio of 14.92, a P/E/G ratio of 2.53 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is 16.35%.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. UBS Group set a $163.00 price target on shares of D.R. Horton in a report on Tuesday, January 27th. Barclays lowered their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Finally, Evercore lifted their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $160.29.

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.