Kentucky Retirement Systems Has $2.82 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Kentucky Retirement Systems trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,165 shares of the construction company’s stock after selling 277 shares during the period. Kentucky Retirement Systems’ holdings in D.R. Horton were worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. raised its holdings in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares in the last quarter. Covestor Ltd increased its position in shares of D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC raised its stake in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after purchasing an additional 67 shares in the last quarter. Demars Financial Group LLC lifted its position in D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing an additional 74 shares during the period. Finally, Private Trust Co. NA grew its stake in D.R. Horton by 1.0% during the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after buying an additional 78 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DHI shares. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the company from $160.00 to $150.00 in a research report on Monday, January 27th. The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Finally, JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

D.R. Horton stock opened at $125.92 on Friday. The business has a 50 day moving average of $139.42 and a 200-day moving average of $164.71. The company has a market capitalization of $39.68 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

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.