Illinois Municipal Retirement Fund Acquires 12,390 Shares of D.R. Horton, Inc. (NYSE:DHI)

Illinois Municipal Retirement Fund raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,819 shares of the construction company's stock after buying an additional 12,390 shares during the period. Illinois Municipal Retirement Fund's holdings in D.R. Horton were worth $7,478,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG lifted its position in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the period. Kovack Advisors Inc. bought a new position in shares of D.R. Horton in the 4th quarter worth about $601,000. Proficio Capital Partners LLC increased its stake in shares of D.R. Horton by 22,199.7% in the 4th quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company's stock worth $36,761,000 after acquiring an additional 261,735 shares in the last quarter. Versor Investments LP bought a new position in shares of D.R. Horton in the 4th quarter worth about $205,000. Finally, SVB Wealth LLC bought a new position in shares of D.R. Horton in the 4th quarter worth about $941,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Up 1.3%

NYSE:DHI traded up $1.62 on Friday, reaching $128.77. 4,089,538 shares of the stock traded hands, compared to its average volume of 3,104,520. The company has a market capitalization of $39.56 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 4.02 and a beta of 1.37. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company's fifty day simple moving average is $123.32 and its 200 day simple moving average is $129.90.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the prior year, the firm earned $3.52 earnings per share. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton's dividend payout ratio is presently 12.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DHI. JMP Securities decreased their price target on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, BTIG Research decreased their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $151.15.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.54% of the company's stock.

D.R. Horton Company 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.