D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 119,151 shares of the construction company's stock after purchasing an additional 5,233 shares during the period. Asset Management One Co. Ltd.'s holdings in D.R. Horton were worth $15,148,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DHI. Nemes Rush Group LLC boosted its holdings in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at about $38,000. Itau Unibanco Holding S.A. bought a new position in shares of D.R. Horton during the 4th quarter valued at about $43,000. Oarsman Capital Inc. boosted its holdings in shares of D.R. Horton by 146.7% during the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after purchasing an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of D.R. Horton during the 4th quarter valued at about $54,000. Institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BTIG Research dropped their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. 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. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group dropped their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Trading Up 1.3%

D.R. Horton stock traded up $1.62 during midday trading on Friday, reaching $128.77. The stock had a trading volume of 4,089,538 shares, compared to its average volume of 3,096,507. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market cap of $39.56 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 3.98 and a beta of 1.37. The company has a fifty day moving average of $123.17 and a 200 day moving average of $130.25.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same period last year, the company earned $3.52 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director now directly owns 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Company 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.