Mitsubishi UFJ Asset Management Co. Ltd. Purchases 24,894 Shares of D.R. Horton, Inc. $DHI

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 556,127 shares of the construction company’s stock after purchasing an additional 24,894 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $94,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DHI. AlphaCore Capital LLC increased its stake in shares of D.R. Horton by 63.0% during the 3rd quarter. AlphaCore Capital LLC now owns 3,762 shares of the construction company’s stock worth $637,000 after purchasing an additional 1,454 shares during the last quarter. Second Half Financial Partners LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at $253,000. Intech Investment Management LLC boosted its holdings in D.R. Horton by 7.5% in the third quarter. Intech Investment Management LLC now owns 15,171 shares of the construction company’s stock worth $2,571,000 after purchasing an additional 1,063 shares in the last quarter. Catalyst Financial Partners LLC acquired a new position in D.R. Horton during the third quarter worth $223,000. Finally, Fox Run Management L.L.C. bought a new position in D.R. Horton during the third quarter valued at about $356,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of several recent analyst reports. Zacks Research downgraded D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. BTIG Research set a $182.00 target price on D.R. Horton in a report on Wednesday, January 21st. UBS Group set a $163.00 target price on D.R. Horton in a research report on Tuesday, January 27th. Evercore lifted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.29.

D.R. Horton Stock Up 0.8%

Shares of DHI stock opened at $160.17 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The firm has a market cap of $46.40 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.45 and a beta of 1.44. The stock has a 50 day moving average of $154.56 and a 200-day moving average of $157.79.

D.R. Horton (NYSE:DHI) last announced 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. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.61 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s payout ratio is presently 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.