Mitsubishi UFJ Asset Management Co. Ltd. Has $65.42 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 467,676 shares of the construction company’s stock after purchasing an additional 19,960 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of D.R. Horton worth $65,423,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the 4th quarter valued at about $30,000. FSA Wealth Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $47,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton in the 4th quarter worth $38,000. Rosenberg Matthew Hamilton grew its stake 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 during the period. Finally, Sierra Ocean LLC bought a new stake in D.R. Horton in the fourth quarter valued at about $43,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DHI. Barclays decreased their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush restated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Two 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 given a strong buy rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of DHI opened at $125.87 on Friday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The stock has a market capitalization of $39.66 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a 50 day moving average of $132.91 and a 200-day moving average of $155.24.

D.R. Horton (NYSE:DHI) 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 net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) 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.