D.R. Horton, Inc. $DHI Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 56.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,938 shares of the construction company’s stock after selling 181,292 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in D.R. Horton were worth $23,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DHI. Canton Hathaway LLC purchased a new position in shares of D.R. Horton in the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in D.R. Horton in the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in D.R. Horton in the second quarter valued at approximately $29,000. Westfuller Advisors LLC acquired a new stake in D.R. Horton during the third quarter worth approximately $34,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $40,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $150.00 on Tuesday. The stock has a fifty day moving average price of $151.43 and a 200 day moving average price of $155.50. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company has a market cap of $43.46 billion, a PE ratio of 13.62, a P/E/G ratio of 2.20 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the company posted $2.61 EPS. D.R. Horton’s revenue was down 9.5% compared to the same quarter last year. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be given 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 is Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, October 29th. Argus lifted their target price on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group reissued a “buy” rating and issued a $193.00 target price on shares of D.R. Horton in a report on Tuesday, January 20th. Finally, Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $162.64.

D.R. Horton Company 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.