D.R. Horton, Inc. $DHI Shares Acquired by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 169,255 shares of the construction company’s stock after acquiring an additional 8,409 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in D.R. Horton were worth $24,378,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $25,000. Sound Income Strategies LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $27,000. Ameriflex Group Inc. acquired a new position in D.R. Horton in the 3rd quarter valued at about $31,000. Elevated Capital Advisors LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $27,000. Finally, First Horizon Corp increased its position in D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Price Performance

Shares of DHI opened at $153.99 on Friday. D.R. Horton, Inc. has a twelve month low of $119.54 and a twelve month high of $184.54. The stock’s 50 day moving average is $146.59 and its two-hundred day moving average is $149.86. The firm has a market capitalization of $43.67 billion, a PE ratio of 14.43, a P/E/G ratio of 2.06 and a beta of 1.37. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the company earned $2.58 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is currently 16.87%.

D.R. Horton Company Profile

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.