D.R. Horton, Inc. $DHI Shares Bought by Nordea Investment Management AB

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Nordea Investment Management AB significantly increased its stake in D.R. Horton, Inc. by 41.5% in the fourth quarter, acquiring 363,573 shares to own a total of 1,239,316 shares valued at approximately $179.4 million. This move comes as D.R. Horton beat Q4 earnings and revenue estimates, reporting EPS of $2.03 and revenues of $6.89 billion, despite a year-over-year revenue decline. The company also announced a quarterly dividend of $0.45, while analysts currently hold a consensus “Hold” rating with a target price of $159.93.

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