Retirement Systems of Alabama decreased its holdings in D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 1.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 106,842 shares of the construction company’s stock after selling 1,159 shares during the quarter. Retirement Systems of Alabama’s holdings in D.R. Horton were worth $7,961,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC grew its position in D.R. Horton by 341.8% in the fourth quarter. Penserra Capital Management LLC now owns 58,127 shares of the construction company’s stock valued at $6,302,000 after acquiring an additional 44,971 shares in the last quarter. Brinker Capital Investments LLC grew its position in D.R. Horton by 4.9% in the fourth quarter. Brinker Capital Investments LLC now owns 19,488 shares of the construction company’s stock valued at $2,113,000 after acquiring an additional 908 shares in the last quarter. MTM Investment Management LLC acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $291,000. AE Wealth Management LLC grew its position in D.R. Horton by 30.4% in the fourth quarter. AE Wealth Management LLC now owns 24,955 shares of the construction company’s stock valued at $2,706,000 after acquiring an additional 5,820 shares in the last quarter. Finally, Central Bank & Trust Co. grew its position in D.R. Horton by 1.5% in the fourth quarter. Central Bank & Trust Co. now owns 87,801 shares of the construction company’s stock valued at $9,522,000 after acquiring an additional 1,263 shares in the last quarter. Hedge funds and other institutional investors own 81.27% of the company’s stock.
Shares of DHI opened at $70.09 on Tuesday. The business’s fifty day moving average price is $69.29 and its 200 day moving average price is $80.33. D.R. Horton, Inc. has a 12-month low of $59.25 and a 12-month high of $110.45. The stock has a market capitalization of $24.67 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.58. The company has a debt-to-equity ratio of 0.33, a current ratio of 5.95 and a quick ratio of 0.98.
D.R. Horton (NYSE:DHI – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The construction company reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.66. D.R. Horton had a return on equity of 32.22% and a net margin of 16.53%. The firm had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same period last year, the business posted $2.53 earnings per share. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, research analysts anticipate that D.R. Horton, Inc. will post 17.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 18th. Shareholders of record on Monday, May 9th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, May 6th. D.R. Horton’s payout ratio is 6.45%.
Several analysts have issued reports on DHI shares. Barclays lowered their price objective on shares of D.R. Horton from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Wednesday, June 8th. BTIG Research lowered their price objective on shares of D.R. Horton from $104.00 to $97.00 in a research report on Monday, June 6th. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $100.00 to $82.50 and set an “overweight” rating for the company in a research report on Wednesday, April 13th. StockNews.com began coverage on shares of D.R. Horton in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Wells Fargo & Company decreased their price target on shares of D.R. Horton from $86.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, June 17th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.81.
In other D.R. Horton news, Director Michael W. Hewatt sold 1,948 shares of the firm’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $67.97, for a total value of $132,405.56. Following the sale, the director now directly owns 5,067 shares in the company, valued at $344,403.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.
D.R. Horton Company Profile (Get Rating)
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 31 states and 98 markets under the names of D.R.
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