Kentucky Retirement Systems Has $2.82 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Kentucky Retirement Systems cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,165 shares of the construction company’s stock after selling 277 shares during the quarter. Kentucky Retirement Systems’ holdings in D.R. Horton were worth $2,819,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC grew its holdings in D.R. Horton by 3.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 10,290 shares of the construction company’s stock worth $1,439,000 after acquiring an additional 387 shares during the period. Private Wealth Partners LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $503,000. Alberta Investment Management Corp grew its stake in D.R. Horton by 35.0% during the fourth quarter. Alberta Investment Management Corp now owns 2,700 shares of the construction company’s stock worth $378,000 after purchasing an additional 700 shares during the period. Legacy Solutions LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $324,000. Finally, Lyell Wealth Management LP increased its holdings in D.R. Horton by 1.9% in the fourth quarter. Lyell Wealth Management LP now owns 108,834 shares of the construction company’s stock worth $15,217,000 after purchasing an additional 2,065 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.1 %

DHI stock opened at $125.92 on Friday. The firm has a market capitalization of $39.68 billion, a PE ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The stock’s 50 day moving average is $139.42 and its 200-day moving average is $164.71.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating 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 business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business earned $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DHI shares. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Barclays decreased their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed 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 analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.93.

About D.R. Horton

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.