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

California Public Employees Retirement System cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 12.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 461,243 shares of the construction company’s stock after selling 63,048 shares during the period. California Public Employees Retirement System’s holdings in D.R. Horton were worth $64,491,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHI. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton boosted its position in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the 4th quarter worth $38,000. Sierra Ocean LLC acquired a new stake in D.R. Horton in the fourth quarter worth $43,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at $51,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DHI. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Up 0.1 %

Shares of DHI stock opened at $127.26 on Wednesday. The stock has a 50-day simple moving average of $132.16 and a 200 day simple moving average of $153.89. The stock has a market capitalization of $40.10 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal 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 issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. 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.