State of New Jersey Common Pension Fund D Reduces Stake in D.R. Horton, Inc. (NYSE:DHI)

State of New Jersey Common Pension Fund D decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 177,893 shares of the construction company’s stock after selling 1,069 shares during the period. State of New Jersey Common Pension Fund D’s holdings in D.R. Horton were worth $27,036,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DHI. Los Angeles Capital Management LLC lifted its holdings in D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after purchasing an additional 591,787 shares in the last quarter. Pacer Advisors Inc. increased its stake in D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after acquiring an additional 484,058 shares during the last quarter. Acadian Asset Management LLC increased its stake in D.R. Horton by 1,357.4% in the 3rd quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock worth $52,652,000 after acquiring an additional 456,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in D.R. Horton by 150.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock worth $61,371,000 after acquiring an additional 342,884 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in D.R. Horton in the 3rd quarter worth about $36,657,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DHI shares. Royal Bank of Canada decreased their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. BTIG Research decreased their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. JMP Securities increased their price objective on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Wedbush reiterated an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group increased their price objective on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Trading Up 0.8 %

NYSE DHI traded up $1.10 on Friday, hitting $145.30. The company’s stock had a trading volume of 2,057,352 shares, compared to its average volume of 2,572,915. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company’s 50-day simple moving average is $151.91 and its 200 day simple moving average is $139.83. The firm has a market cap of $47.85 billion, a P/E ratio of 9.82, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the business posted $2.73 EPS. The business’s revenue was up 14.2% on a year-over-year basis. Research analysts predict that D.R. Horton, Inc. will post 14.28 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insider Activity

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly 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 a total of 27,560 shares of company stock worth $4,279,636 in the last quarter. 1.74% of the stock is owned by company insiders.

D.R. Horton Profile

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.