Meiji Yasuda Asset Management Co Ltd. Cuts Stake in D.R. Horton, Inc. (NYSE:DHI)

Meiji Yasuda Asset Management Co Ltd. cut its position in D.R. Horton, Inc. (NYSE:DHI) by 3.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,620 shares of the construction company’s stock after selling 167 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in D.R. Horton were worth $646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the 3rd quarter worth approximately $1,853,178,000. Geode Capital Management LLC boosted its stake in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after purchasing an additional 47,678 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of D.R. Horton by 12.3% during the third quarter. Holocene Advisors LP now owns 1,513,734 shares of the construction company’s stock valued at $288,775,000 after purchasing an additional 165,997 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $130.12 on Friday. The company has a market capitalization of $41.00 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The firm’s 50 day simple moving average is $133.34 and its two-hundred day simple moving average is $155.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. Research analysts expect 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 issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $170.93.

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.