Mirae Asset Global Investments Co. Ltd. Buys 6,967 Shares of D.R. Horton, Inc. $DHI

Mirae Asset Global Investments Co. Ltd. boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,108 shares of the construction company’s stock after purchasing an additional 6,967 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in D.R. Horton were worth $7,136,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Hemington Wealth Management raised its stake in D.R. Horton by 22.1% in the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after acquiring an additional 64 shares during the period. Apella Capital LLC increased its stake in shares of D.R. Horton by 0.8% in the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 69 shares in the last quarter. Twin Capital Management Inc. raised its position in shares of D.R. Horton by 0.3% in the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares during the period. Mutual Advisors LLC boosted its holdings in D.R. Horton by 4.8% in the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after buying an additional 80 shares during the period. Finally, Franchise Capital Ltd boosted its holdings in D.R. Horton by 15.7% in the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after buying an additional 85 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DHI shares. Bank of America dropped their target price on 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. Wells Fargo & Company set a $158.00 target price on D.R. Horton in a research note on Wednesday, January 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a research report on Tuesday, January 13th. UBS Group set a $163.00 price objective on shares of D.R. Horton in a research report on Tuesday. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $160.50.

D.R. Horton Trading Down 1.1%

Shares of DHI opened at $148.82 on Friday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a market capitalization of $43.11 billion, a P/E ratio of 13.52, a P/E/G ratio of 2.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The firm’s 50 day simple moving average is $152.19 and its 200 day simple moving average is $155.78.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

About D.R. Horton

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.