D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 352,025 shares of the construction company’s stock after selling 10,845 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in D.R. Horton were worth $49,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DHI. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $1,853,178,000. FMR LLC lifted its holdings in shares of D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Geode Capital Management LLC grew its position in D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after buying an additional 47,678 shares during the period. Finally, Principal Financial Group Inc. raised its position in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after buying an additional 120,892 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of several analyst reports. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Barclays dropped their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, UBS Group reduced their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

NYSE:DHI opened at $129.55 on Wednesday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a market capitalization of $40.82 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. 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 firm has a 50-day moving average price of $134.00 and a two-hundred day moving average price of $156.03.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 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.