Resona Asset Management Co. Ltd. Sells 6,902 Shares of D.R. Horton, Inc. $DHI

Resona Asset Management Co. Ltd. decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,915 shares of the construction company’s stock after selling 6,902 shares during the period. Resona Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $13,268,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DHI. Capital World Investors increased its position in shares of D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares in the last quarter. Capital International Investors bought a new stake in shares of D.R. Horton during the third quarter worth $395,179,000. Boston Partners bought a new stake in shares of D.R. Horton during the third quarter worth $274,784,000. Viking Global Investors LP increased its position in shares of D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of D.R. Horton by 769.3% during the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after acquiring an additional 790,475 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of several research reports. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. The Goldman Sachs Group increased their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. UBS Group increased their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Up 5.2%

NYSE:DHI opened at $141.72 on Thursday. The firm has a market capitalization of $40.19 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The stock’s 50 day moving average price is $143.92 and its two-hundred day moving average price is $149.49. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 10.57 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 Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

D.R. Horton Profile

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.