New York State Teachers Retirement System Lowers Stake in D.R. Horton, Inc. (NYSE:DHI)

New York State Teachers Retirement System reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,393 shares of the construction company's stock after selling 5,690 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of D.R. Horton worth $35,849,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. TCI Wealth Advisors Inc. grew its position in shares of D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock valued at $284,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd grew its position in D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock worth $203,000 after buying an additional 66 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after acquiring an additional 67 shares during the last quarter. Demars Financial Group LLC increased its stake in D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company's stock worth $419,000 after acquiring an additional 74 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of D.R. Horton by 1.0% during the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock valued at $1,454,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of several research analyst reports. Royal Bank of Canada restated an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Bank of America lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. JMP Securities reissued a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $170.93.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Trading Down 2.4 %

Shares of D.R. Horton stock traded down $3.07 on Wednesday, hitting $126.74. The stock had a trading volume of 3,880,023 shares, compared to its average volume of 3,634,091. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The stock's 50-day simple moving average is $140.41 and its two-hundred day simple moving average is $165.23. The stock has a market cap of $39.94 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.55 and a beta of 1.76.

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, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is 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.