Daiwa Securities Group Inc. Buys 2,176 Shares of D.R. Horton, Inc. (NYSE:DHI)

Daiwa Securities Group Inc. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,533 shares of the construction company’s stock after acquiring an additional 2,176 shares during the period. Daiwa Securities Group Inc.’s holdings in D.R. Horton were worth $5,388,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DHI. Principal Financial Group Inc. boosted its stake in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in D.R. Horton in the third quarter valued at approximately $50,000. Wolverine Asset Management LLC bought a new position in D.R. Horton during the 3rd quarter worth approximately $382,000. Harbour Investments Inc. lifted its position in shares of D.R. Horton by 409.5% in the 3rd quarter. Harbour Investments Inc. now owns 1,014 shares of the construction company’s stock worth $193,000 after purchasing an additional 815 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of D.R. Horton in the 3rd quarter valued at $955,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Down 2.8 %

NYSE:DHI opened at $128.83 on Thursday. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The company has a market cap of $40.60 billion, a PE ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80. 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 50-day moving average of $135.89 and a 200-day moving average of $159.90.

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

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. The Goldman Sachs Group cut their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.