Nomura Asset Management Co. Ltd. Acquires 6,500 Shares of D.R. Horton, Inc. (NYSE:DHI)

Nomura Asset Management Co. Ltd. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,051 shares of the construction company’s stock after acquiring an additional 6,500 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $18,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Principal Financial Group Inc. grew its holdings 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 acquiring an additional 120,892 shares during the period. Townsquare Capital LLC grew its stake in shares of D.R. Horton by 36.5% during the 3rd quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock valued at $1,469,000 after purchasing an additional 2,057 shares during the period. Glenmede Trust Co. NA increased its position in shares of D.R. Horton by 2.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company’s stock valued at $1,947,000 after purchasing an additional 262 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of D.R. Horton in the 3rd quarter worth approximately $4,617,000. Finally, CreativeOne Wealth LLC boosted its holdings in shares of D.R. Horton by 10.5% in the third quarter. CreativeOne Wealth LLC now owns 3,896 shares of the construction company’s stock worth $743,000 after buying an additional 371 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 3.2 %

Shares of DHI stock opened at $125.87 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $39.66 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock’s 50-day moving average price is $132.91 and its 200-day moving average price is $155.01.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm earned $2.82 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton’s payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of analysts have commented on DHI shares. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Profile

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.