D.R. Horton, Inc. (NYSE:DHI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,243 shares of the construction company's stock after selling 63,048 shares during the period. California Public Employees Retirement System owned 0.15% of D.R. Horton worth $64,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in D.R. Horton in the fourth quarter worth $30,000. Rosenberg Matthew Hamilton lifted its holdings 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 acquiring an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth about $38,000. Sierra Ocean LLC bought a new position in D.R. Horton during the 4th quarter valued at about $43,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in D.R. Horton in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $170.93.

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D.R. Horton Stock Up 4.4 %

NYSE DHI traded up $5.36 during midday trading on Friday, hitting $127.67. 9,117,434 shares of the company traded hands, compared to its average volume of 2,856,232. The company has a market cap of $40.23 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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, Inc. has a 52 week low of $118.00 and a 52 week high of $199.85. The company's 50-day simple moving average is $131.02 and its 200-day simple moving average is $152.44.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its 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 company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

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.