Public Employees Retirement System of Ohio Has $23.85 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Public Employees Retirement System of Ohio cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,004 shares of the construction company's stock after selling 6,663 shares during the quarter. Public Employees Retirement System of Ohio's holdings in D.R. Horton were worth $23,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bfsg LLC boosted its position in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after purchasing an additional 74 shares during the period. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Signature Resources Capital Management LLC purchased a new stake in D.R. Horton in the 2nd quarter valued at approximately $31,000. Rakuten Securities Inc. increased its position in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after buying an additional 196 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DHI. Barclays reduced their target price on shares of D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $200.00 to $183.00 in a research note on Tuesday. Finally, Raymond James downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $184.20.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company'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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.74% of the company's stock.

D.R. Horton Trading Down 2.5 %

DHI stock traded down $3.98 during trading on Tuesday, hitting $156.98. The company had a trading volume of 2,689,601 shares, compared to its average volume of 2,500,137. The stock has a market cap of $50.42 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.58 and a beta of 1.71. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $173.95 and a 200-day moving average price of $168.88.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 EPS. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, November 12th. D.R. Horton's dividend payout ratio is currently 11.14%.

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.