Arizona State Retirement System Has $9 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Arizona State Retirement System decreased its position in D.R. Horton, Inc. (NYSE:DHIFree Report) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,746 shares of the construction company’s stock after selling 598 shares during the period. Arizona State Retirement System’s holdings in D.R. Horton were worth $9,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DHI. Berkshire Hathaway Inc acquired a new position in D.R. Horton in the second quarter valued at $726,454,000. Moneta Group Investment Advisors LLC lifted its holdings in D.R. Horton by 101,707.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after buying an additional 4,364,275 shares during the period. Norges Bank acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $247,001,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of D.R. Horton by 83,257.3% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,767,175 shares of the construction company’s stock valued at $215,047,000 after purchasing an additional 1,765,055 shares during the period. Finally, Holocene Advisors LP raised its holdings in shares of D.R. Horton by 1,001.5% during the second quarter. Holocene Advisors LP now owns 1,244,639 shares of the construction company’s stock valued at $151,460,000 after purchasing an additional 1,131,640 shares during the period. Institutional investors and hedge funds own 82.12% of the company’s stock.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 1,213 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $153.00, for a total value of $185,589.00. Following the sale, the senior vice president now owns 5,103 shares of the company’s stock, valued at approximately $780,759. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Aron M. Odom sold 1,213 shares of D.R. Horton stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $153.00, for a total transaction of $185,589.00. Following the sale, the senior vice president now owns 5,103 shares of the company’s stock, valued at approximately $780,759. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 470 shares of D.R. Horton stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $126.21, for a total transaction of $59,318.70. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $713,086.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,431 shares of company stock valued at $2,015,326. Company insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DHI. UBS Group upped their price objective on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Jefferies Financial Group began coverage on shares of D.R. Horton in a report on Monday, November 27th. They set a “hold” rating and a $119.00 price objective on the stock. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Finally, Wells Fargo & Company assumed coverage on shares of D.R. Horton in a report on Tuesday, October 17th. They issued an “overweight” rating and a $123.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.47.

Get Our Latest Report on DHI

D.R. Horton Stock Up 2.2 %

D.R. Horton stock opened at $143.26 on Wednesday. D.R. Horton, Inc. has a twelve month low of $89.05 and a twelve month high of $157.93. The firm has a 50 day moving average price of $144.11 and a 200-day moving average price of $126.01. The company has a market capitalization of $47.54 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.80 and a beta of 1.63. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22.

D.R. Horton (NYSE:DHIGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.06). The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $2.76 earnings per share. As a group, equities analysts predict that D.R. Horton, Inc. will post 14.15 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

About D.R. Horton

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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