Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 62,008 shares of the construction company’s stock after selling 1,870 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in D.R. Horton were worth $8,670,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DHI. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth $30,000. Rosenberg Matthew Hamilton boosted its stake in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth $38,000. Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth $43,000. Finally, FSA Wealth Management LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth $47,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE:DHI opened at $128.77 on Friday. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The business’s 50-day simple moving average is $134.42 and its two-hundred day simple moving average is $157.19. The stock has a market cap of $40.58 billion, a PE ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays dropped their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, UBS Group decreased their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $170.93.

About D.R. Horton

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.