D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,051 shares of the construction company's stock after purchasing an additional 6,500 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in D.R. Horton were worth $18,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the 4th quarter worth approximately $30,000. Rosenberg Matthew Hamilton lifted its position in shares of D.R. Horton by 152.8% during the fourth 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. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at $38,000. Sierra Ocean LLC acquired a new stake in D.R. Horton during the 4th quarter valued at $43,000. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton during the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group decreased their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Wedbush restated a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and reduced their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, Barclays dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have given 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 has a consensus rating of "Hold" and a consensus price target of $170.93.

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D.R. Horton Stock Performance

DHI stock traded up $0.13 during mid-day trading on Tuesday, reaching $127.26. The company had a trading volume of 2,112,403 shares, compared to its average volume of 2,805,959. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The stock has a market capitalization of $40.10 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock's 50-day simple moving average is $132.49 and its two-hundred day simple moving average is $154.36.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a 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.