D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.6% during the 4th quarter, Holdings Channel reports. The firm owned 7,820 shares of the construction company’s stock after buying an additional 549 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $1,188,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Los Angeles Capital Management LLC raised its holdings in D.R. Horton by 390.6% in the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after acquiring an additional 591,787 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of D.R. Horton by 1,357.4% during the 3rd quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock worth $52,652,000 after buying an additional 456,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in D.R. Horton by 150.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock worth $61,371,000 after purchasing an additional 342,884 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in D.R. Horton during the 3rd quarter worth about $36,657,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Bank of America lowered their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Citigroup boosted their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. JMP Securities boosted their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada decreased their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton Stock Up 1.9 %

D.R. Horton stock traded up $2.67 during midday trading on Friday, hitting $146.87. 456,451 shares of the company were exchanged, compared to its average volume of 2,552,165. The company’s fifty day moving average price is $151.91 and its 200-day moving average price is $139.83. The company has a market cap of $48.37 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the prior year, the company posted $2.73 EPS. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts predict that D.R. Horton, Inc. will post 14.28 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,560 shares of company stock valued at $4,279,636 in the last three months. Corporate insiders own 1.74% of the company’s stock.

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.