Analysts Raise the Price Target for Okamura by 22.22% to 2,805 Yen

Price Target Update

The average one-year price target for Okamura (TYO:7994) has been revised upward, now standing at 2,805 yen per share. This update represents a significant increase of 22.22% compared to the previous estimate of 2,295 yen, dated August 1, 2023.

The new price target is the result of consensus among various market analysts. The most recent targets range from a minimum of 2.626 yen to a maximum of 3.045 yen per share. It is important to note that the current average target implies a potential appreciation of 29.62% from the last reported closing price of 2.164 yen.

Dividend Analysis

Okamura maintains an attractive dividend yield of 3.05% at current prices. This yield level is significantly higher than the average of the Japanese market, which could be appealing to investors looking for stable income.

Additionally, the company presents a dividend payout ratio of 0.32. This indicator reveals that Okamura distributes 32% of its profits in the form of dividends, suggesting a balanced distribution policy that allows for both rewarding shareholders and reinvesting in the company's future growth.

The 3-year dividend growth rate stands at 1.36%, demonstrating the company's commitment to the gradual increase of remuneration to its shareholders.

Institutional Fund Sentiment

There is a slight decrease in the number of institutional investors holding positions in Okamura. Specifically, there has been a reduction of 3 institutional owners, representing a drop of 4.62% in the last quarter.

However, Okamura's average weight in the portfolios of funds dedicated to this asset has increased by 6.39%, now standing at 0.06%. This increase in allocation could be interpreted as a sign of confidence in the company's prospects by the fund managers who maintain their position.

In terms of volume, the total number of shares held by institutions has decreased by 1.41% in the last three months, reaching 5.01 million shares.

Notable Shareholder Movements

• A leading institution holds 890,000 shares, representing 0.94% of the company's ownership. This position reflects a slight decrease of 1.20% compared to its previous statement.

• Another significant institutional investor has increased its stake by 0.54%, reaching 552,000 shares, which represents 0.58% of the ownership. Additionally, this entity has raised its allocation in Okamura by a remarkable 23.78% over the last quarter.

• Relevant positions from other institutions are also observed, with holdings ranging from 0.29% to 0.48% of the capital, some of which have increased their exposure to the company.