D.R. Horton, Inc. $DHI Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,832 shares of the construction company’s stock after selling 5,106 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in D.R. Horton were worth $19,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC increased its position in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of D.R. Horton in the second quarter worth $302,000. Brown Advisory Inc. grew its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC raised its position in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after buying an additional 2,859 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 1.6%

DHI stock opened at $154.13 on Friday. The firm has a market cap of $43.71 billion, a PE ratio of 14.44, a PEG ratio of 2.13 and a beta of 1.44. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54. The company has a fifty day simple moving average of $147.26 and a 200 day simple moving average of $150.61. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton, Inc. will post 10.53 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Analyst Ratings Changes

Several research firms have weighed in on DHI. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company raised their price target 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. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $168.54.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.66% of the company’s stock.

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.