D.R. Horton, Inc. (NYSE:DHI) Stock Position Raised by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 15.8% in the fourth quarter, HoldingsChannel reports. The firm owned 10,064 shares of the construction company’s stock after acquiring an additional 1,376 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in D.R. Horton were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Mountaineer Partners Management LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $1,853,178,000. FMR LLC boosted its stake in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in D.R. Horton during the 3rd quarter valued at about $72,672,000. Nordea Investment Management AB boosted its stake in D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares during the period. Finally, KBC Group NV boosted its stake in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.7 %

D.R. Horton stock opened at $129.71 on Wednesday. The firm has a market cap of $40.87 billion, a PE ratio of 9.17, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm’s 50 day moving average price is $140.95 and its two-hundred day moving average price is $165.57. D.R. Horton, Inc. has a twelve month low of $125.84 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during 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 company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 earnings per share. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of analyst reports. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Evercore ISI reduced their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $170.93.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

D.R. Horton Company 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.