Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in D.R. Horton, Inc. $DHI

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 690,955 shares of the construction company’s stock after selling 50,256 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in D.R. Horton were worth $99,518,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Winnow Wealth LLC bought a new position in shares of D.R. Horton in the third quarter worth $960,000. Nordea Investment Management AB increased its holdings in shares of D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock worth $179,428,000 after purchasing an additional 363,573 shares during the period. Arete Wealth Advisors LLC bought a new position in shares of D.R. Horton in the third quarter worth $946,000. Mediolanum International Funds Ltd increased its holdings in shares of D.R. Horton by 96.6% in the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after purchasing an additional 74,266 shares during the period. Finally, Trinity Street Asset Management LLP bought a new position in D.R. Horton in the third quarter valued at $25,140,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $144.25 on Tuesday. The company has a 50-day simple moving average of $149.23 and a two-hundred day simple moving average of $151.42. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $114.17 and a 12-month high of $184.54. The firm has a market cap of $41.79 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 2.22 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.61 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DHI shares. UBS Group reissued a “buy” rating on shares of D.R. Horton in a research note on Thursday, March 12th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Truist Financial set a $155.00 target price on D.R. Horton and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $159.33.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.