Sumitomo Mitsui Trust Group Inc. Has $99.49 Million Holdings in D.R. Horton, Inc. $DHI

Sumitomo Mitsui Trust Group Inc. grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 771,727 shares of the construction company’s stock after buying an additional 33,275 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of D.R. Horton worth $99,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. West Michigan Advisors LLC acquired a new stake in D.R. Horton in the second quarter valued at approximately $238,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of D.R. Horton by 5.3% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock worth $258,000 after purchasing an additional 100 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of D.R. Horton by 2.6% during the 2nd quarter. Forum Financial Management LP now owns 5,817 shares of the construction company’s stock valued at $750,000 after purchasing an additional 149 shares in the last quarter. Ethic Inc. lifted its stake in shares of D.R. Horton by 35.8% in the 2nd quarter. Ethic Inc. now owns 43,160 shares of the construction company’s stock valued at $5,554,000 after purchasing an additional 11,378 shares during the last quarter. Finally, TFB Advisors LLC boosted its holdings in D.R. Horton by 19.5% in the second quarter. TFB Advisors LLC now owns 4,285 shares of the construction company’s stock worth $552,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.3%

Shares of D.R. Horton stock opened at $158.14 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company’s fifty day simple moving average is $166.65 and its 200-day simple moving average is $143.16. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.28 and a beta of 1.40. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

Insiders Place Their Bets

In other news, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 in the last ninety days. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on DHI shares. Wedbush boosted their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Citigroup boosted their target price on D.R. Horton from $162.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Finally, UBS Group boosted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $156.54.

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.