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

Daiwa Securities Group Inc. lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,533 shares of the construction company's stock after buying an additional 2,176 shares during the quarter. Daiwa Securities Group Inc.'s holdings in D.R. Horton were worth $5,388,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Coastline Trust Co purchased a new stake in D.R. Horton in the 3rd quarter valued at $26,000. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth $30,000. Rakuten Securities Inc. grew its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI traded up $1.49 during trading hours on Friday, hitting $126.78. 2,668,601 shares of the stock were exchanged, compared to its average volume of 2,663,243. The stock has a 50-day simple moving average of $135.38 and a 200-day simple moving average of $159.03. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The stock has a market cap of $39.95 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

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D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent research reports. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $170.93.

D.R. Horton 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.