Sumitomo Mitsui Financial Group Inc. Purchases 13,020 Shares of D.R. Horton, Inc. $DHI

Sumitomo Mitsui Financial Group Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI) by 8.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 160,846 shares of the construction company’s stock after buying an additional 13,020 shares during the period. Sumitomo Mitsui Financial Group Inc. owned 0.05% of D.R. Horton worth $27,259,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Concord Wealth Partners acquired a new stake in D.R. Horton in the third quarter worth about $25,000. Canton Hathaway LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the second quarter worth approximately $29,000. Finally, Westfuller Advisors LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DHI. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. BTIG Research set a $182.00 target price on D.R. Horton in a report on Wednesday, January 21st. Finally, Bank of America set a $158.00 target price on D.R. Horton in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $160.29.

D.R. Horton Trading Up 0.9%

Shares of NYSE:DHI opened at $158.93 on Friday. The company’s fifty day simple moving average is $154.30 and its 200 day simple moving average is $157.76. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market cap of $46.04 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 2.43 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the firm earned $2.61 earnings per share. D.R. Horton’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

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.