D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 803,741 shares of the construction company’s stock after selling 8,324 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of D.R. Horton worth $132,256,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in D.R. Horton in the fourth quarter valued at approximately $516,530,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after purchasing an additional 525,705 shares during the last quarter. Pacer Advisors Inc. increased its stake in D.R. Horton by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares during the last quarter. Panagora Asset Management Inc. increased its stake in D.R. Horton by 1,719.1% in the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock valued at $65,267,000 after purchasing an additional 405,838 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in D.R. Horton by 283.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 457,433 shares of the construction company’s stock valued at $69,521,000 after purchasing an additional 338,282 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.8 %

Shares of NYSE DHI traded up $1.12 during midday trading on Wednesday, hitting $136.33. The stock had a trading volume of 630,615 shares, compared to its average volume of 2,457,016. The company has a market capitalization of $44.89 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.70 and a beta of 1.71. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $144.98 and a 200 day moving average price of $148.51.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.73 EPS. On average, analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHI. Jefferies Financial Group raised their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Barclays reduced their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Citigroup downgraded D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the company from $181.00 to $156.00 in a report on Tuesday. Bank of America cut their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Royal Bank of Canada cut their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $156.75.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by corporate insiders.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.