Louisiana State Employees Retirement System Invests $2.77 Million in D.R. Horton, Inc. (NYSE:DHI)

Louisiana State Employees Retirement System bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 18,200 shares of the construction company’s stock, valued at approximately $2,766,000.

Other institutional investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC grew its stake in shares of D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after acquiring an additional 3,489 shares in the last quarter. Los Angeles Capital Management LLC grew its position in D.R. Horton by 390.6% during the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after buying an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new position in D.R. Horton during the third quarter valued at about $218,000. O Shaughnessy Asset Management LLC grew its position in D.R. Horton by 43.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock valued at $2,228,000 after buying an additional 6,272 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in D.R. Horton by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after buying an additional 7,600 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Raymond James increased their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Royal Bank of Canada increased their price target on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research report on Monday, January 22nd. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Barclays increased their price target on shares of D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.71.

D.R. Horton Trading Down 1.7 %

Shares of D.R. Horton stock opened at $149.07 on Tuesday. D.R. Horton, Inc. has a 12-month low of $97.92 and a 12-month high of $165.75. The company has a market cap of $49.46 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 0.75 and a beta of 1.64. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $151.86 and its 200-day moving average price is $138.04.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period in the previous year, the company posted $2.76 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s payout ratio is 8.63%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is currently owned by corporate insiders.

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.