New York State Common Retirement Fund Has $51.63 Million Holdings in D.R. Horton, Inc. $DHI

New York State Common Retirement Fund trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 304,659 shares of the construction company’s stock after selling 4,100 shares during the period. New York State Common Retirement Fund’s holdings in D.R. Horton were worth $51,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Canton Hathaway LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton in the third quarter valued at $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of D.R. Horton in the second quarter valued at about $29,000. Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $34,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth about $40,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Argus increased their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. UBS Group set a $163.00 target price on D.R. Horton in a research note on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Finally, Barclays dropped their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $160.50.

D.R. Horton Stock Performance

NYSE:DHI opened at $150.30 on Friday. The company has a market cap of $43.54 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.29 and a beta of 1.42. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The stock has a fifty day moving average price of $152.15 and a 200-day moving average price of $155.51.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the business earned $2.61 earnings per share. D.R. Horton’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.