Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in D.R. Horton, Inc. $DHI

Key Points

• Mitsubishi UFJ Asset Management increased its stake in D.R. Horton by 3.8% to 577,008 shares, worth about $84.08 million (≈0.20% of the company) after acquiring 20,881 shares in Q4.
• D.R. Horton beat Q1 EPS expectations ($2.24 vs. $2.15) with revenue slightly above estimates but down 2.3% year‑over‑year, and announced a quarterly dividend of $0.45 (ex‑dividend May 7; yield 1.2%).
• Institutional investors own roughly 90.6% of the stock while insiders hold 0.66% (an SVP recently sold shares), and analysts have a consensus "Hold" rating with an average price target of $168.54 amid several recent upgrades.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 577,008 shares of the construction company's stock after acquiring an additional 20,881 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of D.R. Horton worth $84,082,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concord Wealth Partners purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $25,000. Canton Hathaway LLC purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Ameriflex Group Inc. purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.66% of the company's stock.

D.R. Horton Trading Down 2.1%

Shares of NYSE:DHI opened at $146.11 on Friday. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The company's 50 day moving average is $146.25 and its two-hundred day moving average is $150.41. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $41.43 billion, a PE ratio of 13.69, a P/E/G ratio of 2.09 and a beta of 1.41.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the prior year, the firm posted $2.58 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be issued a $0.45 dividend. The ex-dividend date is Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton's dividend payout ratio is presently 16.87%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHI. The Goldman Sachs Group upped their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Zacks Research raised shares of D.R. Horton from a "strong sell" rating to a "hold" rating in a research note on Friday, March 27th. Citigroup upped their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a "neutral" rating in a research note on Thursday, April 23rd. Argus upped their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Finally, Bank of America set a $158.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $168.54.

About D.R. Horton

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.