Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in D.R. Horton, Inc. (NYSE:DHIFree Report) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,219 shares of the construction company’s stock after buying an additional 7,089 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in D.R. Horton were worth $6,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHI. Fairfield Bush & CO. purchased a new stake in D.R. Horton in the 1st quarter valued at about $28,000. American Century Companies Inc. raised its holdings in D.R. Horton by 13.9% in the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after buying an additional 2,771 shares during the period. Panagora Asset Management Inc. raised its holdings in D.R. Horton by 10.7% in the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares during the period. Sei Investments Co. increased its stake in D.R. Horton by 21.1% during the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock worth $22,425,000 after purchasing an additional 52,320 shares during the period. Finally, Prudential PLC purchased a new stake in D.R. Horton during the first quarter worth about $560,000. 82.12% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI stock opened at $144.91 on Friday. The business has a 50 day simple moving average of $146.91 and a 200-day simple moving average of $126.96. The company has a market capitalization of $48.08 billion, a P/E ratio of 10.43, a PEG ratio of 0.82 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. D.R. Horton, Inc. has a twelve month low of $89.05 and a twelve month high of $157.93.

D.R. Horton (NYSE:DHIGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (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 analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.76 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.19 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.83%. The ex-dividend date is Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DHI. Barclays boosted their price target on shares of D.R. Horton from $143.00 to $166.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. The Goldman Sachs Group boosted their price objective on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods lowered their price objective on 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. UBS Group boosted their price objective on D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Finally, Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.65.

View Our Latest Analysis on DHI

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $152.00, for a total value of $1,520,000.00. Following the completion of the sale, the director now directly owns 30,208 shares in the company, valued at approximately $4,591,616. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,431 shares of company stock valued at $2,015,326. Insiders own 1.74% of the company’s stock.

D.R. Horton Profile

(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.

See Also

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

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