Daiwa Securities Group Inc. Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Daiwa Securities Group Inc. increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,219 shares of the construction company’s stock after acquiring an additional 786 shares during the quarter. Daiwa Securities Group Inc.’s holdings in D.R. Horton were worth $7,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Fairfield Bush & CO. purchased a new stake in D.R. Horton in the first quarter worth $28,000. American Century Companies Inc. lifted its position in D.R. Horton by 13.9% during the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after buying an additional 2,771 shares during the period. Panagora Asset Management Inc. lifted its position in D.R. Horton by 10.7% during the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares during the period. Sei Investments Co. lifted its position in D.R. Horton by 21.1% during the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares during the period. Finally, Prudential PLC purchased a new position in D.R. Horton during the first quarter valued at $560,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI opened at $145.91 on Friday. The stock has a 50-day moving average of $151.97 and a 200 day moving average of $138.42. The company has a market capitalization of $48.42 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.43. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.24 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Activity

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 in the last ninety days. Corporate insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DHI. Citigroup raised their price objective on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada raised their price objective on D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research report on Monday, January 22nd. The Goldman Sachs Group raised their price objective on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Wedbush restated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.