Nomura Asset Management Co. Ltd. Boosts Stake in D. R. Horton Inc (DHI)

Nomura Asset Management Co. Ltd. grew its holdings in D. R. Horton Inc (NYSE:DHI) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 61,158 shares of the construction company’s stock after purchasing an additional 1,333 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in D. R. Horton were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. Northern Trust Corp boosted its holdings in D. R. Horton by 3.1% during the fourth quarter. Northern Trust Corp now owns 4,239,970 shares of the construction company’s stock worth $146,957,000 after buying an additional 127,515 shares during the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of D. R. Horton by 1,272.5% during the 4th quarter. Van Hulzen Asset Management LLC now owns 151,661 shares of the construction company’s stock valued at $5,257,000 after purchasing an additional 140,611 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of D. R. Horton by 1.8% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 60,779 shares of the construction company’s stock valued at $1,843,000 after purchasing an additional 1,100 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of D. R. Horton by 127.4% during the 4th quarter. Bank of Nova Scotia now owns 158,757 shares of the construction company’s stock valued at $5,501,000 after purchasing an additional 88,949 shares in the last quarter. Finally, Bremer Trust National Association bought a new position in shares of D. R. Horton during the 4th quarter valued at about $82,000. 83.52% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the company. Zelman & Associates upgraded D. R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Wedbush cut D. R. Horton from an “outperform” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Thursday, February 21st. Credit Suisse Group set a $46.00 price objective on D. R. Horton and gave the company a “buy” rating in a report on Friday, February 15th. Finally, Raymond James cut D. R. Horton from a “strong-buy” rating to a “market perform” rating and set a $39.43 price objective on the stock. in a report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. D. R. Horton has an average rating of “Buy” and an average price target of $46.32.

In other D. R. Horton news, Director Barbara K. Allen sold 1,410 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $40.47, for a total transaction of $57,062.70. Following the transaction, the director now owns 7,060 shares of the company’s stock, valued at approximately $285,718.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Hewatt sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $40.20, for a total value of $120,600.00. Following the transaction, the director now directly owns 9,000 shares in the company, valued at approximately $361,800. The disclosure for this sale can be found here. Insiders have sold a total of 191,833 shares of company stock worth $6,910,702 in the last ninety days. Insiders own 6.87% of the company’s stock.

Shares of D. R. Horton stock opened at $40.80 on Friday. D. R. Horton Inc has a 52-week low of $32.39 and a 52-week high of $47.00. The company has a market capitalization of $15.46 billion, a P/E ratio of 9.98, a PEG ratio of 0.88 and a beta of 1.23. The company has a current ratio of 6.85, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. Research analysts forecast that D. R. Horton Inc will post 3.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Monday, February 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, February 8th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

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D. R. Horton Company Profile

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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