Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of D. R. Horton Inc (NYSE:DHI) by 31.5% during the 1st quarter, Holdings Channel reports. The firm owned 15,039 shares of the construction company’s stock after selling 6,930 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in D. R. Horton were worth $622,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc boosted its holdings in shares of D. R. Horton by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 36,817,427 shares of the construction company’s stock valued at $1,552,959,000 after acquiring an additional 381,357 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of D. R. Horton by 2.4% during the 1st quarter. BlackRock Inc. now owns 29,641,765 shares of the construction company’s stock valued at $1,226,577,000 after acquiring an additional 707,543 shares during the last quarter. Sanders Capital LLC boosted its holdings in shares of D. R. Horton by 11.5% during the 1st quarter. Sanders Capital LLC now owns 20,738,137 shares of the construction company’s stock valued at $939,830,000 after acquiring an additional 2,144,100 shares during the last quarter. FMR LLC boosted its holdings in shares of D. R. Horton by 36.0% during the 4th quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock valued at $566,576,000 after acquiring an additional 4,327,013 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of D. R. Horton by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,877,245 shares of the construction company’s stock valued at $203,711,000 after acquiring an additional 88,698 shares during the last quarter. 87.19% of the stock is currently owned by institutional investors.

In other D. R. Horton news, Director Michael W. Hewatt sold 1,833 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $40.06, for a total transaction of $73,429.98. Following the sale, the director now owns 9,000 shares in the company, valued at approximately $360,540. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.28, for a total transaction of $82,560.00. Following the sale, the director now owns 9,000 shares in the company, valued at approximately $371,520. The disclosure for this sale can be found here. 6.87% of the stock is currently owned by company insiders.

DHI has been the topic of a number of recent analyst reports. Zelman & Associates raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Raymond James downgraded shares of D. R. Horton from a “strong-buy” rating to a “market perform” rating and set a $39.43 price target on the stock. in a report on Thursday, February 14th. Credit Suisse Group set a $46.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a report on Friday, February 15th. Keefe, Bruyette & Woods downgraded shares of D. R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $45.66 to $37.30 in a report on Monday, April 22nd. Finally, Wedbush downgraded shares of D. R. Horton from an “outperform” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $47.23.

Shares of NYSE:DHI opened at $45.25 on Friday. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $47.02. The company has a current ratio of 7.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $16.81 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. D. R. Horton had a net margin of 9.39% and a return on equity of 16.96%. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the business earned $0.91 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, analysts expect that D. R. Horton Inc will post 3.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, May 10th. D. R. Horton’s dividend payout ratio (DPR) is presently 14.67%.

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About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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