Nomura Asset Management Co. Ltd. lowered its stake in D. R. Horton Inc (NYSE:DHI) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,764 shares of the construction company’s stock after selling 394 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in D. R. Horton were worth $2,514,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Focused Wealth Management Inc acquired a new position in D. R. Horton in the first quarter valued at approximately $25,000. PRW Wealth Management LLC purchased a new position in D. R. Horton in the fourth quarter worth $30,000. Sage Capital Advisors llc purchased a new position in shares of D. R. Horton in the fourth quarter valued at $31,000. Semmax Financial Advisors Inc. purchased a new position in shares of D. R. Horton in the fourth quarter valued at $33,000. Finally, JOYN Advisors Inc. increased its position in shares of D. R. Horton by 37.0% in the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after buying an additional 268 shares in the last quarter. 87.16% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on DHI. Susquehanna Bancshares reissued a “neutral” rating and issued a $49.00 price target (up from $46.00) on shares of D. R. Horton in a research note on Wednesday, April 17th. Buckingham Research raised their price target on D. R. Horton from $45.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods lowered D. R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $45.66 to $37.30 in a research note on Monday, April 22nd. KeyCorp lifted their price objective on D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, JMP Securities raised their target price on D. R. Horton from $44.00 to $49.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Buy” and a consensus price target of $47.23.
DHI stock traded down $0.51 during midday trading on Wednesday, hitting $42.06. 7,026,444 shares of the company’s stock were exchanged, compared to its average volume of 5,430,361. D. R. Horton Inc has a 12-month low of $32.39 and a 12-month high of $47.02. The company has a quick ratio of 0.83, a current ratio of 7.27 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $16.52 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. The business has a 50 day moving average of $44.39.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the business earned $0.91 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that D. R. Horton Inc will post 3.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.43%. D. R. Horton’s dividend payout ratio is currently 14.67%.
D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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