Danske Bank A S Takes $19.40 Million Position in D.R. Horton, Inc. $DHI

Danske Bank A S acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,133 shares of the construction company’s stock, valued at approximately $19,404,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DHI. First Manhattan CO. LLC. boosted its stake in D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after purchasing an additional 70 shares during the period. Deseret Mutual Benefit Administrators raised its stake in shares of D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after purchasing an additional 71 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after purchasing an additional 72 shares in the last quarter. AMG National Trust Bank boosted its position in shares of D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after buying an additional 74 shares during the period. Finally, AdvisorShares Investments LLC boosted its position in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after buying an additional 77 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DHI. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. BTIG Research set a $184.00 price target on D.R. Horton in a research report on Wednesday, July 22nd. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Finally, Barclays boosted their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Trading Down 2.8%

Shares of NYSE:DHI opened at $147.65 on Friday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The company has a market capitalization of $41.30 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 2.41 and a beta of 1.37. The company has a 50-day simple moving average of $151.91 and a 200 day simple moving average of $149.76.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company earned $3.36 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 17.13%.

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.