D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 467,676 shares of the construction company's stock after purchasing an additional 19,960 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of D.R. Horton worth $65,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the fourth quarter valued at $30,000. FSA Wealth Management LLC purchased a new position in shares of D.R. Horton in the third quarter worth about $47,000. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the 4th quarter valued at about $38,000. Rosenberg Matthew Hamilton lifted its stake in D.R. Horton by 152.8% in 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 in the last quarter. Finally, Sierra Ocean LLC acquired a new position in D.R. Horton during the fourth quarter worth $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DHI. UBS Group reduced their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Wedbush reaffirmed a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Royal Bank of Canada restated an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Finally, 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. 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 stock. Based on data from MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus price target of $170.93.

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D.R. Horton Stock Down 0.5 %

DHI stock traded down $0.67 during trading on Wednesday, hitting $126.74. 950,402 shares of the company's stock were exchanged, compared to its average volume of 3,585,005. The stock has a market capitalization of $39.94 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $132.16 and a two-hundred day moving average price of $153.89.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results 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. 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 quarter in the prior year, the business posted $2.82 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

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.