Resona Asset Management Co. Ltd. Acquires New Shares in D.R. Horton, Inc. (NYSE:DHI)

Resona Asset Management Co. Ltd. purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 99,675 shares of the construction company's stock, valued at approximately $13,943,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after acquiring an additional 127,606 shares during the period. Norges Bank bought a new position in D.R. Horton during the fourth quarter worth $593,363,000. Franklin Resources Inc. increased its holdings in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after purchasing an additional 1,490,648 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock valued at $259,857,000 after purchasing an additional 47,678 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after purchasing an additional 120,892 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

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Analyst Upgrades and Downgrades

DHI has been the subject of several research analyst reports. 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 report on Tuesday, December 17th. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Barclays reduced their price target on D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating for the company in a research note on Tuesday. UBS Group lowered their price objective on 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. Finally, JMP Securities reissued a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $169.14.

D.R. Horton Price Performance

NYSE:DHI traded down $0.73 during mid-day trading on Friday, reaching $117.14. The stock had a trading volume of 1,348,802 shares, compared to its average volume of 2,895,859. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market capitalization of $36.91 billion, a PE ratio of 8.27, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a 50-day simple moving average of $128.08 and a two-hundred day simple moving average of $149.88.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly 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 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 analyst estimates of $7.12 billion. During the same quarter last year, the company posted $2.82 EPS. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. 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.