Mirae Asset Global Investments Co. Ltd. Increases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,276 shares of the construction company's stock after purchasing an additional 2,637 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in D.R. Horton were worth $4,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coastline Trust Co bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $26,000. Rakuten Securities Inc. raised its position 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 valued at $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton raised its position 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 valued at $38,000 after purchasing an additional 165 shares during the period. Wolff Wiese Magana LLC raised its position in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust raised its position in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock valued at $41,000 after purchasing an additional 93 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DHI shares. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company cut 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. JPMorgan Chase & Co. cut shares of D.R. Horton from a "neutral" rating to an "underweight" rating and cut their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Barclays cut their target price on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $170.93.

D.R. Horton Trading Down 2.2 %

D.R. Horton stock traded down $2.83 during trading hours on Wednesday, hitting $127.77. The company had a trading volume of 4,368,229 shares, compared to its average volume of 3,718,229. The firm has a market cap of $40.26 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85. The company has a 50-day moving average price of $143.40 and a two-hundred day moving average price of $166.97.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 EPS. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton's dividend payout ratio (DPR) is 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.