Teachers Retirement System of The State of Kentucky Sells 132,429 Shares of D.R. Horton, Inc. (NYSE:DHI)

Teachers Retirement System of The State of Kentucky reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 85.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,389 shares of the construction company’s stock after selling 132,429 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in D.R. Horton were worth $4,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the third quarter valued at approximately $1,853,178,000. FMR LLC increased its stake in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of D.R. Horton during the 3rd quarter worth $72,672,000. Finally, Banque Pictet & Cie SA boosted its stake in D.R. Horton by 592.4% in the second quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company’s stock valued at $56,784,000 after buying an additional 344,731 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on DHI shares. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a research note on Tuesday. Barclays reissued an “equal weight” rating and issued a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a research note on Wednesday. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the company from $188.00 to $156.00 in a research report on Friday. UBS Group dropped their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $180.60.

D.R. Horton Trading Down 0.9 %

NYSE DHI opened at $149.85 on Friday. The firm has a market capitalization of $48.13 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71. The business’s 50-day moving average price is $171.02 and its two-hundred day moving average price is $168.78. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company earned $4.45 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.07%. D.R. Horton’s payout ratio is presently 11.14%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.74% of the company’s stock.

About D.R. Horton

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.