Daiichi Life Insurance Co. Ltd. Invests $2.76 Million in D.R. Horton, Inc. $DHI

Daiichi Life Insurance Co. Ltd. bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,969 shares of the construction company’s stock, valued at approximately $2,764,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in D.R. Horton during the second quarter worth about $4,067,842,000. Capital World Investors boosted its holdings in D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. Norges Bank bought a new stake in D.R. Horton in the 4th quarter valued at about $649,305,000. Bank of New York Mellon Corp acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $294,292,000. Finally, Boston Partners bought a new position in shares of D.R. Horton during the third quarter worth approximately $274,784,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.1%

NYSE DHI opened at $148.43 on Monday. The business has a fifty day moving average price of $151.80 and a two-hundred day moving average price of $149.75. The stock has a market capitalization of $41.52 billion, a PE ratio of 14.12, a PEG ratio of 2.35 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the company posted $3.36 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is presently 17.13%.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of analyst reports. BTIG Research set a $184.00 price target on shares of D.R. Horton in a research report on Wednesday, July 22nd. Barclays raised their price objective on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Finally, Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $166.92.

D.R. Horton 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.