State of New Jersey Common Pension Fund D Lowers Holdings in D.R. Horton, Inc. $DHI

State of New Jersey Common Pension Fund D trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,145 shares of the construction company’s stock after selling 7,250 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in D.R. Horton were worth $11,364,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its holdings in D.R. Horton by 1,710.0% in the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company’s stock valued at $13,678,000 after purchasing an additional 101,643 shares during the last quarter. MQS Management LLC purchased a new stake in shares of D.R. Horton during the 1st quarter worth about $1,132,000. Leavell Investment Management Inc. boosted its stake in shares of D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company’s stock worth $423,000 after acquiring an additional 549 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of D.R. Horton by 787.0% during the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after acquiring an additional 18,086 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of D.R. Horton by 22.8% during the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after acquiring an additional 97,467 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DHI. Bank of America lowered their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. UBS Group increased their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup increased their target price on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, Wells Fargo & Company raised their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $156.54.

D.R. Horton Stock Down 0.3%

DHI stock opened at $158.14 on Friday. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.28 and a beta of 1.40. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a 50-day moving average of $166.65 and a two-hundred day moving average of $143.16.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,376 shares of company stock worth $5,898,848. Insiders own 0.54% of the company’s stock.

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.