D.R. Horton, Inc. (NYSE:DHI) Position Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,219 shares of the construction company’s stock after buying an additional 786 shares during the period. Daiwa Securities Group Inc.’s holdings in D.R. Horton were worth $7,936,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of D.R. Horton by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after acquiring an additional 406,429 shares in the last quarter. State Street Corp grew its stake in D.R. Horton by 3.6% in the 1st quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock valued at $1,339,558,000 after buying an additional 480,247 shares during the last quarter. Geode Capital Management LLC grew its stake in D.R. Horton by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock valued at $635,060,000 after buying an additional 45,030 shares during the last quarter. Invesco Ltd. grew its stake in D.R. Horton by 17.0% in the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after buying an additional 694,155 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in D.R. Horton by 101,707.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after purchasing an additional 4,364,275 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on DHI shares. UBS Group raised their price target on shares of D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. BTIG Research reduced their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday. Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Finally, JMP Securities raised their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

D.R. Horton Trading Up 0.1 %

Shares of NYSE DHI opened at $145.91 on Friday. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a market cap of $48.42 billion, a PE ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $151.97 and a two-hundred day moving average of $138.42.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter in the previous year, the company earned $2.73 EPS. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. As a group, equities analysts expect that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio is 8.63%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 in the last quarter. 1.74% of the stock is owned by company insiders.

D.R. Horton Company Profile

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.