119,133 Shares in D.R. Horton, Inc. $DHI Purchased by Danske Bank A S

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

Several other large investors have also recently bought and sold shares of DHI. Capital World Investors lifted its holdings in D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the last quarter. BlackRock Inc. acquired a new position in D.R. Horton in the 2nd quarter valued at $4,067,842,000. Capital Research Global Investors grew its holdings in D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after buying an additional 13,155 shares in the last quarter. Norges Bank bought a new position in D.R. Horton during the 4th quarter worth $649,305,000. Finally, Morgan Stanley increased its position in D.R. Horton by 1.9% during the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after buying an additional 67,578 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

D.R. Horton Stock Down 2.8%

DHI stock opened at $147.65 on Friday. The stock 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 current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The firm has a 50-day moving average price of $151.91 and a 200-day moving average price of $149.76.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.36 EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 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.