State of Michigan Retirement System Has $15.63 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

State of Michigan Retirement System lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,799 shares of the construction company’s stock after acquiring an additional 1,700 shares during the period. State of Michigan Retirement System’s holdings in D.R. Horton were worth $15,632,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DHI. Coastline Trust Co bought a new stake in D.R. Horton in the 3rd quarter valued at about $26,000. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its stake in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the 4th quarter worth $38,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Wells Fargo & Company cut their price objective on shares of 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. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Up 0.0 %

Shares of D.R. Horton stock opened at $125.74 on Wednesday. The firm has a market cap of $39.62 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.54 and a beta of 1.76. The stock’s 50-day moving average is $136.88 and its 200 day moving average is $161.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly 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. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. 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 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.