Mitsubishi UFJ Asset Management Co. Ltd. Has $63.83 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in D.R. Horton, acquiring an additional 34,417 shares, bringing its total ownership to approximately 502,093 shares, valued at $63.8 million.
• Other large investors significantly boosted their holdings in D.R. Horton, with Allspring Global Investments increasing by 652% and GAMMA Investing increasing by 19,102.6% during the first quarter.
• D.R. Horton reported **$3.36 earnings per share**, surpassing consensus estimates by **$0.46**, alongside a quarterly revenue of **$9.23 billion**, exceeding expectations of **$8.80 billion**.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 502,093 shares of the construction company's stock after acquiring an additional 34,417 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of D.R. Horton worth $63,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Olde Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd lifted its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after acquiring an additional 194 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in D.R. Horton during the 4th quarter worth approximately $43,000. Alpine Bank Wealth Management bought a new position in D.R. Horton in the first quarter valued at $61,000. Finally, Continuum Advisory LLC increased its stake in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after buying an additional 100 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the 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 sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI stock traded down $1.41 on Monday, hitting $155.09. The company's stock had a trading volume of 2,914,595 shares, compared to its average volume of 4,735,248. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a market capitalization of $46.24 billion, a PE ratio of 12.55, a PEG ratio of 3.32 and a beta of 1.34. The stock's 50 day moving average is $134.86 and its 200-day moving average is $129.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $4.10 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a $0.40 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton's payout ratio is presently 12.83%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DHI shares. The Goldman Sachs Group decreased their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company raised their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Bank of America reduced their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $153.23.

About D.R. Horton

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.