Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in D.R. Horton, Inc. (NYSE:DHI)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 384,551 shares of the construction company’s stock after selling 21,885 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in D.R. Horton were worth $62,717,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of D.R. Horton in the 4th quarter valued at $516,530,000. Pacer Advisors Inc. boosted its holdings in D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after acquiring an additional 484,058 shares during the period. Franklin Resources Inc. grew its position in D.R. Horton by 12.5% in the 4th quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock valued at $356,454,000 after acquiring an additional 260,864 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in D.R. Horton by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock worth $292,019,000 after purchasing an additional 32,700 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of D.R. Horton by 62.4% during 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 worth $207,864,000 after purchasing an additional 525,705 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

DHI traded up $0.42 during trading on Friday, reaching $173.84. 4,125,242 shares of the stock were exchanged, compared to its average volume of 2,847,579. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $177.47. The company has a market capitalization of $57.25 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.86 and a beta of 1.71. The business’s 50 day moving average price is $145.35 and its two-hundred day moving average price is $148.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.90 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.39 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, 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 can be accessed through this link. In related news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction 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 owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DHI. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Bank of America decreased their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. UBS Group upped their price target on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada increased their price target on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday. Finally, Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $165.12.

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.