Sumitomo Mitsui Trust Group Inc. Sells 10,012 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 738,452 shares of the construction company's stock after selling 10,012 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of D.R. Horton worth $93,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of D.R. Horton during the fourth quarter valued at about $593,363,000. Allspring Global Investments Holdings LLC lifted its position in D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the period. Franklin Resources Inc. lifted its position in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after purchasing an additional 1,490,648 shares during the period. GAMMA Investing LLC raised its position in D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after acquiring an additional 911,960 shares during the period. Finally, Two Sigma Investments LP raised its position in D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after acquiring an additional 832,358 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 1.3%

Shares of DHI stock opened at $128.77 on Monday. The stock's fifty day moving average is $123.32 and its two-hundred day moving average is $129.75. 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 capitalization of $39.56 billion, a P/E ratio of 9.75, a PEG ratio of 4.02 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the business earned $3.52 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of 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. JMP Securities dropped their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods lowered their target price on shares of 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. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have assigned 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.com, the stock has an average rating of "Hold" and an average price target of $151.15.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director now directly owns 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

D.R. Horton 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.

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