D.R. Horton, Inc. (NYSE:DHI) Stock Position Lifted by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,101 shares of the construction company’s stock after buying an additional 6,426 shares during the period. Resona Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $13,472,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DHI. Bank Pictet & Cie Europe AG lifted its holdings in D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock worth $44,626,000 after buying an additional 5,052 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in D.R. Horton by 49.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 47,857 shares of the construction company’s stock worth $6,699,000 after buying an additional 15,930 shares during the last quarter. Townsquare Capital LLC lifted its holdings in D.R. Horton by 8.5% during the 4th quarter. Townsquare Capital LLC now owns 8,350 shares of the construction company’s stock worth $1,167,000 after buying an additional 652 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in D.R. Horton during the 4th quarter worth approximately $362,000. Finally, Mariner LLC lifted its holdings in D.R. Horton by 0.6% during the 4th quarter. Mariner LLC now owns 168,603 shares of the construction company’s stock worth $23,574,000 after buying an additional 1,053 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the business’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director owned 2,193 shares of the company’s stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Stock Up 4.7%

Shares of D.R. Horton stock opened at $165.66 on Thursday. The business’s fifty day moving average price is $136.50 and its two-hundred day moving average price is $130.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The company has a market capitalization of $49.39 billion, a P/E ratio of 13.28, a PEG ratio of 3.36 and a beta of 1.34. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.10 EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton’s payout ratio is currently 12.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DHI shares. Bank of America reduced their target price on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Royal Bank Of Canada increased their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, BTIG Research dropped their price target on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $153.23.

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.