Mirae Asset Global Investments Co. Ltd. Has $7.14 Million Position in D.R. Horton, Inc. $DHI

Mirae Asset Global Investments Co. Ltd. grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 19.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,108 shares of the construction company’s stock after purchasing an additional 6,967 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in D.R. Horton were worth $7,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in DHI. SteelPeak Wealth LLC boosted its holdings in D.R. Horton by 65.9% in the second quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock worth $1,296,000 after acquiring an additional 3,993 shares in the last quarter. Berkshire Hathaway Inc bought a new position in shares of D.R. Horton in the 2nd quarter worth $191,491,000. Trinity Street Asset Management LLP acquired a new stake in D.R. Horton in the 3rd quarter valued at $25,140,000. Nordea Investment Management AB increased its stake in D.R. Horton by 17.0% during the 3rd quarter. Nordea Investment Management AB now owns 875,743 shares of the construction company’s stock valued at $146,538,000 after purchasing an additional 127,553 shares in the last quarter. Finally, RoundAngle Advisors LLC acquired a new position in D.R. Horton during the third quarter worth $1,703,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $148.82 on Friday. The company has a market capitalization of $43.11 billion, a PE ratio of 13.52, a PEG ratio of 2.32 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $152.19 and its 200-day moving average price is $155.78. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the company posted $2.61 earnings per share. D.R. Horton’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Argus raised their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research report on Tuesday. Finally, Wells Fargo & Company set a $158.00 price target on D.R. Horton in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $160.50.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.