D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado grew its position in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) by 604.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,637 shares of the construction company’s stock after acquiring an additional 30,581 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in D.R. Horton were worth $5,416,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in D.R. Horton during the 4th quarter worth approximately $516,530,000. Pacer Advisors Inc. raised its holdings in D.R. Horton by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after acquiring an additional 484,058 shares in the last quarter. Acadian Asset Management LLC grew its holdings in D.R. Horton by 1,357.4% during 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 in the last quarter. Panagora Asset Management Inc. grew its stake in D.R. Horton by 1,719.1% in the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock worth $65,267,000 after purchasing an additional 405,838 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in D.R. Horton by 150.3% during 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 buying an additional 342,884 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider David V. Auld sold 25,000 shares of the firm’s 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 directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,812 shares of company stock valued at $4,330,617. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $140.21 on Friday. The stock has a market capitalization of $46.17 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68. The business’s fifty day moving average price is $148.31 and its two-hundred day moving average price is $147.35. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHIGet Free Report) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $2.73 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.86%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. BTIG Research lowered their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Barclays reduced their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Jefferies Financial Group upped their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.31.

Read Our Latest Analysis on D.R. Horton

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.

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

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