Daiwa Securities Group Inc. Purchases 625 Shares of D.R. Horton, Inc. (NYSE:DHI)

Daiwa Securities Group Inc. lifted its position in D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,974 shares of the construction company’s stock after buying an additional 625 shares during the quarter. Daiwa Securities Group Inc.’s holdings in D.R. Horton were worth $1,480,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in D.R. Horton by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock worth $2,675,130,000 after purchasing an additional 406,429 shares during the last quarter. Franklin Resources Inc. lifted its holdings in D.R. Horton by 34.4% in the 2nd quarter. Franklin Resources Inc. now owns 6,322,186 shares of the construction company’s stock worth $418,465,000 after purchasing an additional 1,618,629 shares during the last quarter. Invesco Ltd. lifted its holdings in D.R. Horton by 17.0% in the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after purchasing an additional 694,155 shares during the last quarter. Greenhaven Associates Inc. lifted its holdings in D.R. Horton by 421.5% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,803,532 shares of the construction company’s stock worth $251,756,000 after purchasing an additional 3,074,147 shares during the last quarter. Finally, Parnassus Investments LLC lifted its holdings in D.R. Horton by 46.9% in the 2nd quarter. Parnassus Investments LLC now owns 3,206,083 shares of the construction company’s stock worth $212,211,000 after purchasing an additional 1,022,921 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup upped their price target on D.R. Horton from $91.00 to $111.00 in a report on Tuesday, January 10th. The Goldman Sachs Group upped their price target on D.R. Horton from $76.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, January 12th. Wedbush cut their price target on D.R. Horton from $97.00 to $83.00 and set an “outperform” rating for the company in a report on Monday, October 10th. BTIG Research upped their price target on D.R. Horton from $90.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Finally, Oppenheimer assumed coverage on D.R. Horton in a report on Wednesday, January 18th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.54.

Insider Transactions at D.R. Horton

In other news, VP Aron M. Odom sold 1,300 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $83.64, for a total transaction of $108,732.00. Following the sale, the vice president now owns 1,724 shares in the company, valued at $144,195.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Aron M. Odom sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $83.64, for a total value of $108,732.00. Following the transaction, the vice president now owns 1,724 shares in the company, valued at $144,195.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barbara K. Allen sold 470 shares of the firm’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $84.86, for a total value of $39,884.20. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $479,459. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,770 shares of company stock worth $3,011,976. Insiders own 0.61% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $94.48 on Monday. The business’s fifty day moving average price is $88.25 and its two-hundred day moving average price is $78.80. D.R. Horton, Inc. has a fifty-two week low of $59.25 and a fifty-two week high of $97.32. The stock has a market capitalization of $32.55 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.92 and a quick ratio of 1.10.

D.R. Horton (NYSE:DHI – Get Rating) last announced its earnings results on Wednesday, November 9th. The construction company reported $4.67 EPS for the quarter, missing the consensus estimate of $5.06 by ($0.39). The business had revenue of $9.64 billion for the quarter, compared to the consensus estimate of $9.97 billion. D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. D.R. Horton’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.70 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 9.46 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Friday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, December 1st. This is a boost from D.R. Horton’s previous quarterly dividend of $0.23. D.R. Horton’s dividend payout ratio is presently 6.05%.

D.R. Horton Profile

(Get Rating)

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 106 markets across 33 states under the names of D.R.