Sompo Asset Management Co. Ltd. Sells 1,230 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sompo Asset Management Co. Ltd. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 27.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,230 shares of the construction company’s stock after selling 1,230 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $616,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. lifted its position in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after purchasing an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of D.R. Horton by 1.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after buying an additional 59 shares during the period. Coldstream Capital Management Inc. raised its position in shares of D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after acquiring an additional 63 shares during the period. Finally, Values First Advisors Inc. increased its position in D.R. Horton by 0.7% in the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after purchasing an additional 66 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Up 1.0 %

Shares of DHI stock opened at $163.53 on Monday. The company has a market capitalization of $52.52 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The firm has a fifty day moving average of $179.77 and a 200-day moving average of $167.59. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.45 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their price target on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Barclays reduced their price target on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Evercore ISI cut their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus price target of $185.87.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Company 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.