New York State Common Retirement Fund Has $59.46 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

New York State Common Retirement Fund trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 391,222 shares of the construction company’s stock after selling 27,275 shares during the quarter. New York State Common Retirement Fund’s holdings in D.R. Horton were worth $59,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. increased its position in D.R. Horton by 1.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after purchasing an additional 34,366 shares during the period. Northern Trust Corp increased its position in D.R. Horton by 3.2% in the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after purchasing an additional 104,453 shares during the period. Morgan Stanley increased its position in D.R. Horton by 3.4% in the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after purchasing an additional 106,074 shares during the period. Pacer Advisors Inc. grew its position in shares of D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares during the period. Finally, Earnest Partners LLC grew its position in shares of D.R. Horton by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 1,723,819 shares of the construction company’s stock worth $185,259,000 after buying an additional 19,396 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $809,419. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,560 shares of company stock worth $4,279,636. Corporate insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DHI. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. UBS Group boosted their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. JMP Securities boosted their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. Wedbush restated an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Finally, Jefferies Financial Group boosted their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Trading Up 3.5 %

NYSE DHI opened at $148.03 on Wednesday. The stock has a market capitalization of $49.12 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.71 and a beta of 1.64. The stock’s 50 day moving average price is $151.92 and its two-hundred day moving average price is $139.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.73 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 14.27 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

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.