Resona Asset Management Co. Ltd. Has $13.27 Million Holdings in D.R. Horton, Inc. $DHI

Resona Asset Management Co. Ltd. cut its position in D.R. Horton, Inc. (NYSE:DHI) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,915 shares of the construction company’s stock after selling 6,902 shares during the period. Resona Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $13,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners bought a new position in shares of D.R. Horton in the third quarter worth about $25,000. Sound Income Strategies LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $27,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $27,000. Ameriflex Group Inc. bought a new position in shares of D.R. Horton in the third quarter worth about $31,000. Finally, First Horizon Corp raised its stake in shares of D.R. Horton by 81.3% in the fourth quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 5.2%

Shares of NYSE:DHI opened at $141.72 on Thursday. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The company has a market capitalization of $40.19 billion, a PE ratio of 13.28, a PEG ratio of 1.89 and a beta of 1.41. The company has a 50 day moving average price of $143.92 and a two-hundred day moving average price of $149.49.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. UBS Group boosted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group boosted their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $168.54.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.