D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,472 shares of the construction company’s stock after selling 1,797 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in D.R. Horton were worth $4,023,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Scarborough Advisors LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $354,000. Austin Wealth Management LLC acquired a new position in D.R. Horton during the 4th quarter worth approximately $403,000. Eventide Asset Management LLC increased its position in shares of D.R. Horton by 3.9% in the 4th quarter. Eventide Asset Management LLC now owns 780,746 shares of the construction company’s stock valued at $118,658,000 after purchasing an additional 29,552 shares during the last quarter. Wellington Wealth Strategies LLC. acquired a new stake in shares of D.R. Horton in the 4th quarter valued at $339,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in D.R. Horton by 62.4% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after buying an additional 525,705 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DHI. Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Wedbush reaffirmed an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Barclays lowered their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada cut their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Finally, BTIG Research dropped their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and an average price target of $158.31.

D.R. Horton Stock Up 0.3 %

DHI stock opened at $143.26 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75. The firm has a market capitalization of $47.18 billion, a PE ratio of 9.75, a P/E/G ratio of 0.71 and a beta of 1.68. The company’s 50 day simple moving average is $146.47 and its 200-day simple moving average is $148.30.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter last year, the business posted $2.73 earnings per share. D.R. Horton’s revenue was up 14.2% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The disclosure for this sale can be found here. Insiders have sold 27,363 shares of company stock valued at $4,263,541 in the last ninety days. Insiders own 1.74% of the company’s stock.

D.R. Horton Company 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.