Sumitomo Mitsui Financial Group Inc. Purchases 4,057 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sumitomo Mitsui Financial Group Inc. grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,106 shares of the construction company’s stock after purchasing an additional 4,057 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in D.R. Horton were worth $15,954,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Insigneo Advisory Services LLC grew its position in D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares during the last quarter. Allworth Financial LP boosted its stake in shares of D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after purchasing an additional 82 shares in the last quarter. Nemes Rush Group LLC grew its holdings in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Secure Asset Management LLC grew its holdings in shares of D.R. Horton by 4.8% during the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after purchasing an additional 84 shares during the last quarter. Finally, Horizon Investments LLC raised its position in D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after purchasing an additional 91 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. JMP Securities reissued a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, UBS Group dropped their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $127.67 on Monday. The company has a 50-day simple moving average of $131.02 and a two-hundred day simple moving average of $152.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market capitalization of $40.23 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a one year low of $118.00 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. D.R. Horton’s payout ratio is 11.31%.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.