Mitsubishi UFJ Trust & Banking Corp Trims Position in D.R. Horton, Inc. (NYSE:DHI)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 352,025 shares of the construction company's stock after selling 10,845 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of D.R. Horton worth $49,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DHI. Golden State Wealth Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth approximately $30,000. FSA Wealth Management LLC purchased a new stake in shares of D.R. Horton during the third quarter worth approximately $47,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth $38,000. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in D.R. Horton in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Citigroup dropped their target price on 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. UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $170.93.

Remove Ads

D.R. Horton Price Performance

NYSE DHI traded down $4.21 during trading hours on Friday, reaching $125.87. The company's stock had a trading volume of 2,048,357 shares, compared to its average volume of 2,810,691. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company's 50-day moving average is $132.91 and its two-hundred day moving average is $155.01. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The stock has a market cap of $39.66 billion, a PE ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.80.

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is currently 11.31%.

About D.R. Horton

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.