Meiji Yasuda Asset Management Co Ltd. Cuts Stake in D.R. Horton, Inc. (NYSE:DHI)

Meiji Yasuda Asset Management Co Ltd. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,620 shares of the construction company’s stock after selling 167 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in D.R. Horton were worth $646,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DHI. Mountaineer Partners Management LLC bought a new stake in D.R. Horton in the third quarter worth $1,853,178,000. Geode Capital Management LLC increased its holdings in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after buying an additional 21,073 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after acquiring an additional 47,678 shares during the last quarter. Principal Financial Group Inc. grew its position in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in D.R. Horton by 12.3% in the 3rd quarter. Holocene Advisors LP now owns 1,513,734 shares of the construction company’s stock worth $288,775,000 after purchasing an additional 165,997 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Barclays dropped their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group dropped their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Price Performance

DHI opened at $130.12 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $41.00 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The stock has a fifty day simple moving average of $133.34 and a two-hundred day simple moving average of $155.67. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. D.R. Horton’s payout ratio is currently 11.31%.

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.