Sumitomo Life Insurance Co. Acquires Shares of 4,987 D.R. Horton, Inc. $DHI

Sumitomo Life Insurance Co. bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,987 shares of the construction company’s stock, valued at approximately $812,000.

Several other hedge funds have also modified their holdings of DHI. Harber Asset Management LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $6,241,000. Korea Investment CORP bought a new position in D.R. Horton in the 2nd quarter worth approximately $30,483,000. EP Wealth Advisors LLC acquired a new position in D.R. Horton during the 2nd quarter worth $1,452,000. Ieq Capital LLC bought a new position in D.R. Horton in the 2nd quarter valued at $6,503,000. Finally, Callan Family Office LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at $2,505,000. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DHI. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Barclays raised their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Stock Performance

NYSE DHI opened at $148.43 on Friday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The firm has a market capitalization of $41.52 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. The firm’s fifty day moving average price is $151.80 and its two-hundred day moving average price is $149.75. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company earned $3.36 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 17.13%.

About D.R. Horton

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.