SBI Securities Co. Ltd. Takes Position in D.R. Horton, Inc. (NYSE:DHI)

SBI Securities Co. Ltd. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, Holdings Channel reports. The firm bought 1,529 shares of the construction company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Coastline Trust Co acquired a new stake in shares of D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. boosted its stake in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Golden State Wealth Management LLC acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $30,000. FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter worth approximately $47,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $50,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush restated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Price Performance

Shares of DHI stock opened at $134.06 on Friday. The stock’s fifty day simple moving average is $136.50 and its 200 day simple moving average is $161.54. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The firm has a market cap of $42.25 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. On average, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.