Resona Asset Management Co. Ltd. Sells 6,970 Shares of D.R. Horton, Inc. $DHI

Resona Asset Management Co. Ltd. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 98,817 shares of the construction company’s stock after selling 6,970 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $16,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Hemington Wealth Management boosted its position in D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after acquiring an additional 64 shares during the last quarter. Apella Capital LLC boosted its holdings in D.R. Horton by 0.8% during the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 69 shares during the last quarter. Twin Capital Management Inc. grew its position in D.R. Horton by 0.3% in the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares in the last quarter. Mutual Advisors LLC increased its stake in D.R. Horton by 4.8% in the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after buying an additional 80 shares during the last quarter. Finally, Franchise Capital Ltd lifted its position in D.R. Horton by 15.7% during the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DHI. The Goldman Sachs Group restated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Finally, UBS Group reaffirmed a “buy” rating and set a $193.00 price target on shares of D.R. Horton in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $162.64.

D.R. Horton Stock Down 3.4%

DHI stock opened at $150.48 on Monday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The business’s 50 day simple moving average is $151.18 and its 200 day simple moving average is $155.42. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $43.59 billion, a PE ratio of 13.67, a PEG ratio of 2.20 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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 return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm posted $2.61 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, research analysts anticipate 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. Investors of record on Thursday, February 5th will be paid a $0.45 dividend. The ex-dividend date is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.35%.

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.