California State Teachers Retirement System cut its holdings in shares of D. R. Horton (NYSE:DHI) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 580,286 shares of the construction company’s stock after selling 7,342 shares during the period. California State Teachers Retirement System owned 0.15% of D. R. Horton worth $29,635,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. purchased a new position in shares of D. R. Horton during the fourth quarter worth approximately $110,000. Calton & Associates Inc. purchased a new position in shares of D. R. Horton during the fourth quarter worth approximately $193,000. Gofen & Glossberg LLC IL purchased a new position in shares of D. R. Horton during the fourth quarter worth approximately $204,000. Court Place Advisors LLC purchased a new position in shares of D. R. Horton during the fourth quarter worth approximately $204,000. Finally, Canandaigua National Bank & Trust Co. purchased a new position in shares of D. R. Horton during the fourth quarter worth approximately $204,000. Institutional investors and hedge funds own 84.68% of the company’s stock.
DHI has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $52.00 target price on shares of D. R. Horton in a research report on Wednesday, March 21st. Royal Bank of Canada restated a “buy” rating and set a $58.00 target price on shares of D. R. Horton in a research report on Monday, February 5th. Wedbush restated an “outperform” rating and set a $50.00 target price on shares of D. R. Horton in a research report on Friday, March 23rd. Mizuho set a $56.00 target price on shares of D. R. Horton and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Barclays raised D. R. Horton from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a report on Monday, March 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $51.88.
D. R. Horton stock traded down $1.21 during midday trading on Friday, reaching $45.35. The company’s stock had a trading volume of 3,366,510 shares, compared to its average volume of 3,653,799. D. R. Horton has a fifty-two week low of $31.98 and a fifty-two week high of $53.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03. The company has a market cap of $17,048.02, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12.
D. R. Horton (NYSE:DHI) last released its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company earned $0.55 earnings per share. D. R. Horton’s quarterly revenue was up 14.8% compared to the same quarter last year. sell-side analysts predict that D. R. Horton will post 3.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, February 22nd. D. R. Horton’s dividend payout ratio (DPR) is currently 18.25%.
In other D. R. Horton news, Director Barbara K. Allen sold 940 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total value of $40,100.40. Following the completion of the sale, the director now owns 6,590 shares of the company’s stock, valued at $281,129.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the transaction, the director now directly owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The disclosure for this sale can be found here. In the last three months, insiders sold 245,602 shares of company stock valued at $10,828,080. 7.20% of the stock is owned by corporate insiders.
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D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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