D.R. Horton, Inc. (NYSE:DHI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in D.R. Horton, Inc. (NYSE:DHI) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,393 shares of the construction company’s stock after selling 5,690 shares during the period. New York State Teachers Retirement System owned 0.08% of D.R. Horton worth $35,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DHI. Coastline Trust Co acquired a new position in D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. boosted its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the fourth quarter worth $30,000. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton during the third quarter worth $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $130.63 on Friday. The stock’s 50-day moving average is $142.12 and its two-hundred day moving average is $166.44. 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, Inc. has a 1-year low of $125.84 and a 1-year high of $199.85. The company has a market cap of $41.16 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76.

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

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Ratings Changes

DHI has been the topic of a number of recent research reports. BTIG Research lowered their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Barclays lowered their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $170.93.

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.