New York State Common Retirement Fund Sells 5,987 Shares of D.R. Horton, Inc. (NYSE:DHI)

New York State Common Retirement Fund lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 317,189 shares of the construction company's stock after selling 5,987 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of D.R. Horton worth $44,349,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Equity Partners boosted its holdings in D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after purchasing an additional 3,171 shares during the last quarter. KBC Group NV lifted its holdings in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC bought a new position in D.R. Horton during the 3rd quarter worth approximately $4,220,000. Toronto Dominion Bank lifted its holdings in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock worth $20,025,000 after buying an additional 15,460 shares during the last quarter. Finally, Pensionfund Sabic lifted its holdings in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 2.5 %

DHI traded down $3.20 during trading on Friday, reaching $125.48. 1,758,214 shares of the stock traded hands, compared to its average volume of 3,565,966. The stock has a market cap of $39.54 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock's 50-day simple moving average is $139.42 and its two-hundred day simple moving average is $164.71.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during 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%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.82 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. D.R. Horton's payout ratio is 11.31%.

Wall Street Analyst Weigh In

A number of research firms have commented on DHI. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Finally, Citigroup cut their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $170.93.

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.