D.R. Horton, Inc. (NYSE:DHI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,893 shares of the construction company’s stock after selling 1,069 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of D.R. Horton worth $27,036,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. AE Wealth Management LLC grew its position in D.R. Horton by 40.5% in the third quarter. AE Wealth Management LLC now owns 11,867 shares of the construction company’s stock worth $1,275,000 after buying an additional 3,418 shares during the last quarter. DAVENPORT & Co LLC grew its position in D.R. Horton by 4.3% in the third quarter. DAVENPORT & Co LLC now owns 7,442 shares of the construction company’s stock worth $800,000 after buying an additional 305 shares during the last quarter. Exchange Traded Concepts LLC grew its position in D.R. Horton by 7,293.3% in the third quarter. Exchange Traded Concepts LLC now owns 3,327 shares of the construction company’s stock worth $358,000 after buying an additional 3,282 shares during the last quarter. Caprock Group LLC grew its position in D.R. Horton by 2.7% in the third quarter. Caprock Group LLC now owns 4,884 shares of the construction company’s stock worth $525,000 after buying an additional 127 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in D.R. Horton in the third quarter worth approximately $398,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock traded up $1.10 during trading hours on Friday, reaching $145.30. 2,057,352 shares of the company were exchanged, compared to its average volume of 2,572,915. The stock’s fifty day moving average is $151.91 and its two-hundred day moving average is $139.83. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 0.72 and a beta of 1.64. 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 (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the prior year, the firm earned $2.73 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.28 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is 8.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Raymond James lifted their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Wedbush reissued an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. JMP Securities lifted their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Finally, BTIG Research reduced their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and an average price target of $158.06.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The disclosure for this sale can be found here. Insiders sold 27,560 shares of company stock valued at $4,279,636 over the last quarter. Corporate 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.