Sompo Asset Management Co. Ltd. Has $629,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Sompo Asset Management Co. Ltd. decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,460 shares of the construction company’s stock after selling 570 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in D.R. Horton were worth $629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new stake in D.R. Horton in the 1st quarter valued at $1,249,000. Vinva Investment Management Ltd boosted its stake in D.R. Horton by 59.3% during the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after buying an additional 30,186 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in D.R. Horton by 85.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock valued at $5,787,000 after buying an additional 16,252 shares during the period. Alaska Permanent Fund Corp raised its stake in shares of D.R. Horton by 312.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock valued at $1,934,000 after buying an additional 8,902 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of D.R. Horton by 18.1% during the 4th quarter. Stifel Financial Corp now owns 94,924 shares of the construction company’s stock valued at $14,429,000 after acquiring an additional 14,573 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.6 %

NYSE DHI opened at $191.91 on Friday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $199.85. The company has a market capitalization of $63.20 billion, a PE ratio of 13.06, a P/E/G ratio of 0.86 and a beta of 1.73. The stock has a 50-day simple moving average of $180.71 and a 200 day simple moving average of $159.35.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.90 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton announced that its board has initiated a share repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Barclays increased their price objective on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Evercore ISI boosted their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $183.33.

D.R. Horton 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.