Mitsubishi UFJ Asset Management Co. Ltd. Takes $103.85 Million Position in D.R. Horton, Inc. $DHI

Key Points

• Mitsubishi UFJ Asset Management bought 637,565 shares of D.R. Horton in the second quarter, creating a position worth approximately $103.85 million and representing about 0.23% of the homebuilder.
• D.R. Horton reported quarterly EPS of $3.20, beating estimates of $3.02, while revenue reached $9.23 billion. Analysts expect full-year EPS of $10.47.
• The company paid a quarterly dividend of $0.45 per share, or $1.80 annualized, yielding about 1.2%. Analysts maintain a consensus “Hold” rating with an average price target of $166.92.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 637,565 shares of the construction company's stock, valued at approximately $103,847,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.23% of D.R. Horton as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. First Manhattan CO. LLC. boosted its holdings in D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company's stock worth $511,000 after buying an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of D.R. Horton by 11.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company's stock valued at $103,000 after acquiring an additional 71 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of D.R. Horton by 27.9% during the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock valued at $48,000 after acquiring an additional 72 shares during the last quarter. AMG National Trust Bank lifted its position in shares of D.R. Horton by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company's stock valued at $1,570,000 after acquiring an additional 74 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its position in shares of D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company's stock valued at $480,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock opened at $145.75 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The business has a 50 day simple moving average of $151.94 and a 200-day simple moving average of $149.76. The firm has a market capitalization of $40.77 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the firm earned $3.36 earnings per share. The business's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.47 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 Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is 17.13%.

Analysts Set New Price Targets

Several analysts recently commented on DHI shares. Royal Bank Of Canada reiterated a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Truist Financial lifted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, April 22nd. Zelman & Associates raised shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $166.92.

D.R. Horton 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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