D.R. Horton, Inc. $DHI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 741,211 shares of the construction company’s stock after selling 30,516 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in D.R. Horton were worth $125,613,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton during the third quarter worth about $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in D.R. Horton during the second quarter worth about $29,000. Hantz Financial Services Inc. boosted its holdings in D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares during the last quarter. Finally, Adirondack Trust Co. grew its stake in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton News Roundup

Here are the key news stories impacting D.R. Horton this week:

• Positive Sentiment: Stock momentum: DHI has recently outpaced the broader market, suggesting continued investor interest and relative strength into earnings season. DR Horton (DHI) outpaces stock market gains: What you should know
• Neutral Sentiment: Timing: D.R. Horton is projected to report quarterly results this week — investors should watch revenue trends, home closings, backlog, and margins for signs of stabilizing demand. D.R. Horton (DHI) Projected to Post Quarterly Earnings on Tuesday
• Neutral Sentiment: Street view: Brokerages’ consensus rating is a “Hold,” indicating mixed expectations heading into the print. That suggests limited near-term directional conviction from analysts. D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Rating of “Hold” from Brokerages
• Negative Sentiment: Analysts expect earnings to decline vs. last year and say DHI lacks the typical drivers for an earnings beat — downside risk to EPS estimates and guidance is a key near-term catalyst. Analysts Estimate D.R. Horton (DHI) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Rate sensitivity & downgrade chatter: Jim Cramer and coverage notes point to high mortgage/borrowing rates as a driver for recent downgrades — reinforces risk that higher rates will pressure demand, margins, and order trends. DR Horton (DHI) downgrade is due to high rates, says Jim Cramer
• Negative Sentiment: Valuation vs. peers: Analysis points out DHI trades at a significant premium to a regional rival despite weaker recent returns — could limit upside if growth/ROE don’t reaccelerate. The Nation’s Largest Homebuilder Commands a 75% Valuation Premium Despite Lower Returns Than Its Regional Rival

D.R. Horton Trading Up 0.7%

Shares of NYSE DHI opened at $160.89 on Wednesday. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $46.83 billion, a PE ratio of 13.88, a PEG ratio of 1.91 and a beta of 1.42. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The stock has a fifty day simple moving average of $149.33 and a 200-day simple moving average of $154.11.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.D.R. Horton’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.92 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is currently 15.53%.

Analyst Upgrades and Downgrades

DHI has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 price target (down previously from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Barclays lifted their target price on D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. UBS Group decreased their price target on D.R. Horton from $195.00 to $191.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Bank of America reduced their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Finally, BTIG Research started coverage on shares of D.R. Horton in a research report on Monday, December 1st. They issued a “buy” rating and a $186.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $161.62.

About D.R. Horton

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.