Sumitomo Mitsui Financial Group Inc. Raises Holdings in D.R. Horton, Inc. $DHI

Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,255 shares of the construction company’s stock after purchasing an additional 8,409 shares during the quarter. Sumitomo Mitsui Financial Group Inc. owned approximately 0.06% of D.R. Horton worth $24,378,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Merit Financial Group LLC boosted its holdings in D.R. Horton by 25.6% in the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock valued at $2,635,000 after purchasing an additional 3,726 shares during the period. Nordea Investment Management AB boosted its holdings in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after purchasing an additional 363,573 shares during the period. Arete Wealth Advisors LLC purchased a new position in D.R. Horton in the third quarter valued at $946,000. Wealth Enhancement Advisory Services LLC boosted its holdings in D.R. Horton by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock valued at $82,253,000 after purchasing an additional 9,765 shares during the period. Finally, TD Asset Management Inc boosted its holdings in D.R. Horton by 769.3% in the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock valued at $151,375,000 after purchasing an additional 790,475 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 5.0%

D.R. Horton stock opened at $153.99 on Friday. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The stock has a market cap of $43.67 billion, a PE ratio of 14.43, a P/E/G ratio of 2.06 and a beta of 1.37. The stock’s fifty day moving average is $146.59 and its two-hundred day moving average is $149.86.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same period last year, the firm earned $2.58 earnings per share. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.87%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Truist Financial raised their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Finally, UBS Group raised their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $168.54.

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.