Swiss Life Asset Management Ltd Raises Stock Position in D.R. Horton, Inc. $DHI

Swiss Life Asset Management Ltd lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,275 shares of the construction company’s stock after purchasing an additional 7,021 shares during the period. Swiss Life Asset Management Ltd’s holdings in D.R. Horton were worth $11,232,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Winnow Wealth LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth about $960,000. Berkshire Hathaway Inc bought a new stake in D.R. Horton during the second quarter worth about $191,491,000. Mediolanum International Funds Ltd grew its holdings in D.R. Horton by 96.6% in the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after purchasing an additional 74,266 shares during the period. Arete Wealth Advisors LLC bought a new position in shares of D.R. Horton during the third quarter valued at approximately $946,000. Finally, Trinity Street Asset Management LLP bought a new position in shares of D.R. Horton during the third quarter valued at approximately $25,140,000. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’s 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 completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Trading Down 3.7%

Shares of NYSE:DHI opened at $132.91 on Friday. The stock’s 50-day simple moving average is $154.10 and its two-hundred day simple moving average is $155.49. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 2.13 and a beta of 1.43. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.4%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DHI. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Finally, Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $159.93.

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.