Daiwa Securities Group Inc. Has $5.39 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Daiwa Securities Group Inc. lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,533 shares of the construction company’s stock after purchasing an additional 2,176 shares during the quarter. Daiwa Securities Group Inc.’s holdings in D.R. Horton were worth $5,388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moran Wealth Management LLC lifted its holdings in shares of D.R. Horton by 80.5% during the 4th quarter. Moran Wealth Management LLC now owns 125,084 shares of the construction company’s stock worth $17,489,000 after acquiring an additional 55,783 shares during the period. Sound View Wealth Advisors Group LLC lifted its stake in D.R. Horton by 75.8% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 9,892 shares of the construction company’s stock worth $1,383,000 after purchasing an additional 4,264 shares during the period. AlphaQuest LLC boosted its holdings in D.R. Horton by 9.7% during the fourth quarter. AlphaQuest LLC now owns 3,004 shares of the construction company’s stock valued at $420,000 after purchasing an additional 266 shares in the last quarter. Argentarii LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $761,000. Finally, OFI Invest Asset Management acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $14,865,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $128.83 on Thursday. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $135.89 and a 200 day simple moving average of $159.90. The stock has a market cap of $40.60 billion, a P/E ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton’s payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. UBS Group decreased their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $170.93.

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.