D.R. Horton, Inc. $DHI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 3.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 619,998 shares of the construction company’s stock after selling 20,494 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in D.R. Horton were worth $84,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $25,000. Caitlin John LLC bought a new position in D.R. Horton during the second quarter worth $25,000. Compass Wealth Management LLC bought a new position in D.R. Horton during the third quarter worth $27,000. Pension & Wealth Management Advisors Inc. bought a new position in D.R. Horton during the third quarter worth $28,000. Finally, Compass Financial Management LLC acquired a new position in D.R. Horton in the second quarter worth $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $144.85 on Wednesday. The firm has a market cap of $40.52 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. D.R. Horton, Inc. has a twelve month low of $130.40 and a twelve month high of $170.79. The company has a 50-day moving average of $140.77 and a 200-day moving average of $147.59. The company has a current ratio of 6.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.07 billion. During the same quarter last year, the company posted $3.04 EPS. D.R. Horton’s revenue was down 3.2% on a year-over-year basis. Analysts forecast that D.R. Horton, Inc. will post 10.92 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. D.R. Horton’s dividend payout ratio is 17.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DHI. Royal Bank Of Canada dropped their target price on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating on the stock in a report on Friday, October 30th. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $160.00 to $152.00 in a research report on Thursday, October 22nd. Finally, Citigroup upped their target price on shares of D.R. Horton from $150.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $151.33.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.