D.R. Horton, Inc. (NYSE:DHI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 391,222 shares of the construction company's stock after selling 27,275 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of D.R. Horton worth $59,458,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DHI. BluePath Capital Management LLC purchased a new position in shares of D.R. Horton in the third quarter worth about $33,000. Oakworth Capital Inc. purchased a new position in D.R. Horton during the 4th quarter valued at about $38,000. First Pacific Financial purchased a new position in D.R. Horton during the 3rd quarter valued at about $41,000. Silver Oak Securities Incorporated purchased a new position in D.R. Horton during the 3rd quarter valued at about $43,000. Finally, JFS Wealth Advisors LLC increased its holdings in D.R. Horton by 85.8% during the 3rd quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company's stock valued at $45,000 after purchasing an additional 194 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $175.00 to $172.00 and set an "outperform" rating on the stock in a report on Wednesday, January 24th. Wedbush restated an "underperform" rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. UBS Group boosted their price target on D.R. Horton from $192.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 19th. The Goldman Sachs Group upped their target price on D.R. Horton from $150.00 to $173.00 and gave the stock a "buy" rating in a report on Thursday, January 11th. Finally, Royal Bank of Canada reduced their target price on D.R. Horton from $142.00 to $141.00 and set an "underperform" rating on the stock in a report on Friday, April 19th. Two equities research 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.06.

D.R. Horton Stock Down 1.3 %

Shares of DHI traded down $1.91 during mid-day trading on Wednesday, reaching $146.12. The company had a trading volume of 2,048,044 shares, compared to its average volume of 2,578,408. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a 50-day moving average price of $151.92 and a 200 day moving average price of $139.75. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a market capitalization of $48.49 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.64.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts' consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.73 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.27 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton's dividend payout ratio (DPR) is presently 8.17%.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 773,121 shares of the company's stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David V. Auld sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 773,121 shares of the company's stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the company's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,560 shares of company stock valued at $4,279,636. 1.74% of the stock is owned by corporate 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.