California Public Employees Retirement System Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

California Public Employees Retirement System decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 12.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 461,243 shares of the construction company’s stock after selling 63,048 shares during the quarter. California Public Employees Retirement System owned about 0.15% of D.R. Horton worth $64,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $38,000. Rosenberg Matthew Hamilton increased its holdings in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth $43,000. Finally, Catalyst Capital Advisors LLC acquired a new position in D.R. Horton in the fourth quarter valued at $51,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the topic of a number of research reports. Wedbush restated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. JMP Securities reiterated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Citigroup decreased their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

D.R. Horton stock opened at $127.26 on Wednesday. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $40.10 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The stock has a 50 day moving average of $132.16 and a 200-day moving average of $153.89.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

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.