Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in D.R. Horton, Inc. $DHI

Mitsubishi UFJ Trust & Banking Corp lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 56.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 138,938 shares of the construction company’s stock after selling 181,292 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in D.R. Horton were worth $23,546,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DHI. UniSuper Management Pty Ltd lifted its holdings in D.R. Horton by 1.2% in the 3rd quarter. UniSuper Management Pty Ltd now owns 26,502 shares of the construction company’s stock valued at $4,491,000 after purchasing an additional 310 shares in the last quarter. Westfuller Advisors LLC purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $34,000. Envestnet Portfolio Solutions Inc. boosted its position in D.R. Horton by 29.5% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 11,559 shares of the construction company’s stock worth $1,959,000 after acquiring an additional 2,632 shares during the last quarter. Myriad Asset Management US LP purchased a new stake in D.R. Horton in the 3rd quarter worth approximately $1,163,000. Finally, MOKAN Wealth Management Inc. acquired a new position in D.R. Horton in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DHI shares. UBS Group restated a “buy” rating and set a $193.00 price objective on shares of D.R. Horton in a report on Tuesday, January 20th. Evercore ISI increased their target price on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Wells Fargo & Company set a $158.00 price target on D.R. Horton in a research note on Wednesday, January 21st. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 21st. Finally, Bank of America decreased their target price on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $162.64.

D.R. Horton Stock Down 0.3%

DHI opened at $150.00 on Tuesday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The firm has a 50 day moving average price of $151.43 and a 200 day moving average price of $155.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The company has a market cap of $43.46 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.20 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. D.R. Horton’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.35%.

D.R. Horton Company 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.