D.R. Horton, Inc. (NYSE:DHI) Holdings Cut by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,460 shares of the construction company’s stock after selling 570 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. Thrivent Financial for Lutherans grew its stake in D.R. Horton by 8.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 428,601 shares of the construction company’s stock worth $60,403,000 after buying an additional 34,877 shares during the last quarter. Boston Research & Management Inc. boosted its position in D.R. Horton by 1.0% during the 2nd quarter. Boston Research & Management Inc. now owns 41,135 shares of the construction company’s stock worth $5,797,000 after acquiring an additional 425 shares during the period. Sei Investments Co. lifted its holdings in D.R. Horton by 3.8% in the second quarter. Sei Investments Co. now owns 825,801 shares of the construction company’s stock worth $116,380,000 after purchasing an additional 30,518 shares during the period. Pacer Advisors Inc. lifted its stake in shares of D.R. Horton by 11.2% in the 2nd quarter. Pacer Advisors Inc. now owns 44,062 shares of the construction company’s stock worth $6,210,000 after acquiring an additional 4,423 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of D.R. Horton by 0.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 59,990 shares of the construction company’s stock valued at $8,454,000 after acquiring an additional 400 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DHI shares. Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Royal Bank of Canada lifted their target price on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods raised their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. UBS Group boosted their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Bank of America lifted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $183.33.

D.R. Horton Price Performance

DHI opened at $191.91 on Friday. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85. The stock has a fifty day moving average price of $180.71 and a 200 day moving average price of $159.35. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock has a market cap of $63.20 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.86 and a beta of 1.73.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.90 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Thursday, August 1st. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton 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.