Sumitomo Life Insurance Co. Decreases Stake in D.R. Horton, Inc. (NYSE:DHI)

Sumitomo Life Insurance Co. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,561 shares of the construction company’s stock after selling 234 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in D.R. Horton were worth $778,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Coastline Trust Co acquired a new position in shares of D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. boosted its position in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the period. Wolff Wiese Magana LLC raised its position in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. BTIG Research decreased their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.20.

D.R. Horton Stock Down 1.5 %

Shares of NYSE DHI opened at $141.85 on Thursday. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company’s 50-day simple moving average is $149.42 and its 200-day simple moving average is $169.24. The firm has a market cap of $45.51 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 EPS. Equities analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. D.R. Horton’s payout ratio is currently 11.31%.

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.