Sumitomo Mitsui Financial Group Inc. Has $27.26 Million Stock Holdings in D.R. Horton, Inc. $DHI

Sumitomo Mitsui Financial Group Inc. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.8% during the 3rd quarter, Holdings Channel reports. The firm owned 160,846 shares of the construction company’s stock after buying an additional 13,020 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in D.R. Horton were worth $27,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of D.R. Horton in the second quarter valued at $494,278,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton in the second quarter valued at $191,491,000. Viking Global Investors LP grew its position in shares of D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares during the period. TD Asset Management Inc increased its stake in shares of D.R. Horton by 769.3% during the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after purchasing an additional 790,475 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of D.R. Horton by 136.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock valued at $137,934,000 after purchasing an additional 619,509 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. Barclays decreased their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Finally, Argus upped their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $160.29.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $158.93 on Friday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The company’s 50 day moving average price is $154.30 and its two-hundred day moving average price is $157.76. The firm has a market cap of $46.04 billion, a PE ratio of 14.44, a PEG ratio of 2.43 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share 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 firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the firm earned $2.61 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

D.R. Horton 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.