Sumitomo Mitsui Financial Group Inc. Raises Position in D.R. Horton, Inc. (NYSE:DHI)

Sumitomo Mitsui Financial Group Inc. increased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,106 shares of the construction company's stock after buying an additional 4,057 shares during the period. Sumitomo Mitsui Financial Group Inc.'s holdings in D.R. Horton were worth $15,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DHI. Peapack Gladstone Financial Corp grew its holdings in D.R. Horton by 20.5% during the fourth quarter. Peapack Gladstone Financial Corp now owns 28,426 shares of the construction company's stock worth $3,975,000 after buying an additional 4,840 shares in the last quarter. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of D.R. Horton in the fourth quarter valued at about $7,487,000. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of D.R. Horton by 150.1% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,942 shares of the construction company's stock valued at $35,227,000 after purchasing an additional 151,188 shares in the last quarter. Oarsman Capital Inc. boosted its holdings in D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after purchasing an additional 198 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in D.R. Horton in the 4th quarter worth about $13,943,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DHI. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. lowered shares of D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Finally, Wedbush reiterated a "neutral" rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $169.14.

D.R. Horton Trading Up 1.6 %

Shares of NYSE:DHI traded up $1.87 on Friday, reaching $119.74. 3,642,476 shares of the company traded hands, compared to its average volume of 2,904,602. The stock has a market capitalization of $37.73 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The business's 50-day simple moving average is $127.68 and its 200 day simple moving average is $149.41. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share 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 firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business's revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. D.R. Horton's payout ratio is presently 11.31%.

D.R. Horton Company 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.