Sumitomo Mitsui Trust Group Inc. Sells 32,366 Shares of D.R. Horton, Inc. $DHI

Sumitomo Mitsui Trust Group Inc. lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.7% during the first quarter, HoldingsChannel.com reports. The fund owned 658,589 shares of the construction company’s stock after selling 32,366 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in D.R. Horton were worth $90,372,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. Norges Bank bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $649,305,000. Boston Partners bought a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $274,784,000. Viking Global Investors LP raised its holdings in shares of D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of D.R. Horton by 216.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,126,005 shares of the construction company’s stock worth $162,186,000 after buying an additional 770,521 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup boosted their price target on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Wells Fargo & Company increased their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group lifted their price objective on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Finally, Barclays upped their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Price Performance

Shares of NYSE:DHI traded up $1.98 during trading on Friday, reaching $151.53. The stock had a trading volume of 1,666,626 shares, compared to its average volume of 2,132,575. The stock has a market capitalization of $42.97 billion, a PE ratio of 14.20, a P/E/G ratio of 2.09 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton, Inc. has a 52 week low of $129.11 and a 52 week high of $184.54. The business’s 50-day moving average price is $150.34 and its 200 day moving average price is $150.24.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the prior year, the company earned $2.58 EPS. D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton, Inc. will post 10.6 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.