Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 320,644 shares of the construction company's stock after purchasing an additional 39,456 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of D.R. Horton worth $47,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. grew its holdings in shares of D.R. Horton by 1.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company's stock worth $539,217,000 after purchasing an additional 34,366 shares during the last quarter. Northern Trust Corp raised its stake in shares of D.R. Horton by 3.2% during the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company's stock valued at $364,260,000 after acquiring an additional 104,453 shares in the last quarter. Morgan Stanley raised its stake in shares of D.R. Horton by 3.4% during the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company's stock valued at $349,737,000 after acquiring an additional 106,074 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of D.R. Horton by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company's stock valued at $412,503,000 after purchasing an additional 484,058 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in D.R. Horton by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company's stock worth $292,019,000 after purchasing an additional 32,700 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded up $9.58 during midday trading on Wednesday, hitting $157.58. The company had a trading volume of 4,304,299 shares, compared to its average volume of 2,569,080. The company has a fifty day simple moving average of $152.12 and a 200 day simple moving average of $144.37. The stock has a market cap of $51.89 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.73 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter in the prior year, the business posted $2.73 EPS. D.R. Horton's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts predict that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.76%. D.R. Horton's payout ratio is presently 8.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BTIG Research lowered their target price on D.R. Horton from $174.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 16th. UBS Group raised their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Barclays lowered their price target on shares of D.R. Horton from $186.00 to $176.00 and set an "overweight" rating for the company in a research report on Friday, April 19th. Bank of America cut their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a "buy" rating on the stock in a report on Friday, April 19th. Finally, JMP Securities upped their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, D.R. Horton has an average rating of "Moderate Buy" and a consensus price target of $158.41.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,812 shares of company stock valued at $4,330,617. Company insiders own 1.74% of the company's stock.

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.