D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,970 shares of the construction company’s stock after selling 104 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in D.R. Horton were worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DHI. Golden State Equity Partners lifted its holdings in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after buying an additional 3,171 shares during the period. KBC Group NV increased its stake in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC acquired a new position in shares of D.R. Horton in the third quarter worth about $4,220,000. Toronto Dominion Bank increased its position in shares of D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after acquiring an additional 15,460 shares in the last quarter. Finally, Pensionfund Sabic raised its stake in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $126.43 on Friday. The firm has a market capitalization of $39.84 billion, a PE ratio of 8.93, a PEG ratio of 0.54 and a beta of 1.76. 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 business’s 50 day moving average is $137.74 and its 200-day moving average is $163.16. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm posted $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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 is currently 11.31%.

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.