Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 637,565 D.R. Horton, Inc. $DHI

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, Holdings Channel.com reports. The fund purchased 637,565 shares of the construction company’s stock, valued at approximately $103,847,000.

Several other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC increased its holdings in D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares during the period. Vise Technologies Inc. increased its position in shares of D.R. Horton by 132.9% in the 4th quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock valued at $2,150,000 after purchasing an additional 8,517 shares during the last quarter. Calamos Advisors LLC raised its holdings in shares of D.R. Horton by 25.8% in the 4th quarter. Calamos Advisors LLC now owns 201,437 shares of the construction company’s stock valued at $29,013,000 after purchasing an additional 41,249 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of D.R. Horton by 94.1% during the first quarter. California Public Employees Retirement System now owns 880,665 shares of the construction company’s stock worth $120,845,000 after purchasing an additional 426,886 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in D.R. Horton by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock valued at $422,734,000 after buying an additional 21,514 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $145.75 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The business’s 50-day moving average price is $151.94 and its 200 day moving average price is $149.76. The firm has a market cap of $40.77 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.36 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 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 firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the business earned $3.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. UBS Group raised their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $166.92.

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.