Daiichi Life Insurance Co. Ltd. Makes New $2.76 Million Investment in D.R. Horton, Inc. $DHI

Key Points

• Daiichi Life Insurance acquired 16,969 shares of D.R. Horton during the second quarter, representing an investment of approximately $2.76 million. Institutional investors collectively own 90.63% of the company.
• Analysts maintain a generally cautious view, with a consensus rating of “Hold” and an average price target of $166.92; recent firms lowered targets while reiterating neutral or market-perform ratings.
• D.R. Horton exceeded quarterly expectations, reporting $3.20 in EPS and $9.23 billion in revenue. The company also paid a $0.45 quarterly dividend, equivalent to a 1.2% annualized yield.

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,969 shares of the construction company's stock, valued at approximately $2,764,000.

Several other large investors also recently made changes to their positions in DHI. Core Wealth Advisors LLC acquired a new position in D.R. Horton during the fourth quarter worth $25,000. Osbon Capital Management LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $30,000. Bell Investment Advisors Inc bought a new position in shares of D.R. Horton in the 2nd quarter valued at about $32,000. Finally, Activest Wealth Management grew its position in shares of D.R. Horton by 487.8% in the 4th quarter. Activest Wealth Management now owns 241 shares of the construction company's stock valued at $35,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DHI. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, August 4th. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 22nd. Finally, Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $166.92.

D.R. Horton Stock Performance

NYSE DHI opened at $148.43 on Monday. The stock has a market cap of $41.52 billion, a PE ratio of 14.12, a P/E/G ratio of 2.35 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The firm has a 50-day moving average of $151.80 and a 200-day moving average of $149.75. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.36 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton's dividend payout ratio is presently 17.13%.

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.

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