Nomura Holdings Inc. Sells 19,168 Shares of D.R. Horton, Inc. (NYSE:DHI)

Nomura Holdings Inc. reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 66.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,604 shares of the construction company’s stock after selling 19,168 shares during the quarter. Nomura Holdings Inc.’s holdings in D.R. Horton were worth $1,343,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of D.R. Horton by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after purchasing an additional 127,606 shares during the last quarter. Norges Bank bought a new position in D.R. Horton during the fourth quarter worth $593,363,000. Franklin Resources Inc. boosted its stake in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after acquiring an additional 1,490,648 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock worth $485,984,000 after acquiring an additional 72,161 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock worth $471,899,000 after acquiring an additional 460,804 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DHI shares. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Barclays cut their target price on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. JMP Securities cut their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company cut their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $151.15.

D.R. Horton Stock Performance

Shares of DHI stock opened at $125.68 on Friday. The firm has a 50-day moving average of $124.52 and a 200-day moving average of $138.72. The company has a market cap of $38.60 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the prior year, the company earned $3.52 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is currently 12.11%.

About D.R. Horton

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.