Sumitomo Mitsui Trust Group Inc. Has $104.65 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 748,464 shares of the construction company's stock after selling 7,238 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of D.R. Horton worth $104,650,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Telos Capital Management Inc. boosted its stake in shares of D.R. Horton by 4.0% in the 4th quarter. Telos Capital Management Inc. now owns 3,387 shares of the construction company's stock valued at $474,000 after purchasing an additional 129 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of D.R. Horton by 414.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 7,670 shares of the construction company's stock valued at $1,072,000 after acquiring an additional 6,180 shares during the period. Silver Oak Securities Incorporated raised its position in shares of D.R. Horton by 5.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 4,548 shares of the construction company's stock valued at $635,000 after acquiring an additional 226 shares during the period. Caitlin John LLC raised its position in shares of D.R. Horton by 4.9% in the 4th quarter. Caitlin John LLC now owns 11,283 shares of the construction company's stock valued at $1,578,000 after acquiring an additional 527 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of D.R. Horton by 9.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,276 shares of the construction company's stock valued at $4,242,000 after acquiring an additional 2,637 shares during the period. Institutional investors own 90.63% of the company's stock.

Insider Activity 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 stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by insiders.

D.R. Horton Stock Performance

DHI stock traded down $2.83 during midday trading on Wednesday, reaching $127.77. 4,368,229 shares of the company were exchanged, compared to its average volume of 3,718,229. D.R. Horton, Inc. has a one year low of $125.84 and a one year high of $199.85. 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 firm has a market capitalization of $40.26 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. The business 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 posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The company's revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Analysts Set New Price Targets

Several analysts have commented on DHI shares. Evercore ISI dropped their target price on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Raymond James downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Bank of America downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $170.93.

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.