Mirae Asset Global Investments Co. Ltd. Acquires 3,975 Shares of D.R. Horton, Inc. (NYSE:DHI)

Mirae Asset Global Investments Co. Ltd. raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,251 shares of the construction company's stock after purchasing an additional 3,975 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in D.R. Horton were worth $4,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Waverton Investment Management Ltd grew its position in D.R. Horton by 28.7% during the first quarter. Waverton Investment Management Ltd now owns 257,309 shares of the construction company's stock valued at $32,700,000 after buying an additional 57,310 shares during the period. Illinois Municipal Retirement Fund boosted its stake in D.R. Horton by 26.7% in the first quarter. Illinois Municipal Retirement Fund now owns 58,819 shares of the construction company's stock valued at $7,478,000 after acquiring an additional 12,390 shares during the last quarter. Transcend Capital Advisors LLC grew its position in shares of D.R. Horton by 353.5% during the 1st quarter. Transcend Capital Advisors LLC now owns 17,347 shares of the construction company's stock valued at $2,205,000 after acquiring an additional 13,522 shares during the period. swisspartners Advisors Ltd increased its stake in shares of D.R. Horton by 2.2% during the 1st quarter. swisspartners Advisors Ltd now owns 71,580 shares of the construction company's stock worth $9,100,000 after purchasing an additional 1,530 shares during the last quarter. Finally, KG&L Capital Management LLC bought a new stake in shares of D.R. Horton in the 1st quarter worth approximately $326,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

DHI has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada lowered their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. 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. Finally, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

D.R. Horton stock traded down $3.53 during midday trading on Friday, reaching $132.08. 3,428,397 shares of the stock were exchanged, compared to its average volume of 3,123,490. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The firm has a market cap of $40.57 billion, a PE ratio of 10.00, a PEG ratio of 4.24 and a beta of 1.38. The company's fifty day moving average is $124.00 and its 200-day moving average is $129.57.

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

D.R. Horton Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

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.