Swiss Life Asset Management Ltd Buys 7,021 Shares of D.R. Horton, Inc. $DHI

Swiss Life Asset Management Ltd grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.8% during the third quarter, Holdings Channel reports. The institutional investor owned 66,275 shares of the construction company’s stock after buying 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares during the period. Norges Bank purchased a new position in D.R. Horton during the second quarter valued at approximately $494,278,000. Capital International Investors bought a new position in shares of D.R. Horton in the third quarter worth approximately $395,179,000. Boston Partners purchased a new stake in shares of D.R. Horton in the third quarter worth $274,784,000. Finally, Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton during the 2nd quarter valued at $191,491,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $132.91 on Friday. The firm has a market cap of $38.51 billion, a PE ratio of 12.07, a PEG ratio of 2.13 and a beta of 1.43. The stock has a 50 day moving average of $154.10 and a 200 day moving average of $155.49. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate 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 was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on DHI shares. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Truist Financial set a $155.00 price objective on D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Barclays cut their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Finally, BTIG Research set a $182.00 price target on D.R. Horton in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $159.93.

Insider Buying and Selling

In other D.R. Horton 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 completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by company insiders.

D.R. Horton 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.