20,494 D.R. Horton, Inc. $DHI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,998 shares of the construction company’s stock after selling 20,494 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of D.R. Horton worth $84,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. Fiduciary Financial Advisors purchased a new position in shares of D.R. Horton in the 2nd quarter valued at approximately $25,000. Caitlin John LLC purchased a new position in shares of D.R. Horton in the 2nd quarter valued at about $25,000. Compass Wealth Management LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter valued at approximately $27,000. Pension & Wealth Management Advisors Inc. purchased a new stake in D.R. Horton during the third quarter worth $28,000. Finally, Compass Financial Management LLC purchased a new position in D.R. Horton during the 2nd quarter valued at about $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DHI. Bank of America reduced their target price on D.R. Horton from $150.00 to $145.00 in a research note on Wednesday, October 7th. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada decreased their target price on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating on the stock in a research report on Friday, October 30th. Melius Research began coverage on shares of D.R. Horton in a report on Tuesday, October 6th. They issued a “sell” rating and a $128.00 target price for the company. Finally, Citigroup boosted their target price on D.R. Horton from $150.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $151.33.

D.R. Horton Stock Down 5.3%

Shares of D.R. Horton stock opened at $144.85 on Wednesday. The business has a 50-day moving average of $140.77 and a 200-day moving average of $147.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. The company has a market capitalization of $40.52 billion, a PE ratio of 14.29, a P/E/G ratio of 1.71 and a beta of 1.35. D.R. Horton, Inc. has a 1-year low of $130.40 and a 1-year high of $170.79.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.34). The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.07 billion. D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.04 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. D.R. Horton’s dividend payout ratio is 17.75%.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.