D.R. Horton, Inc. (NYSE:DHI) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,848 shares of the construction company's stock after selling 3,799 shares during the period. State of Alaska Department of Revenue's holdings in D.R. Horton were worth $5,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC lifted its holdings in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of D.R. Horton in the third quarter valued at about $72,672,000. Nordea Investment Management AB increased its stake in shares of D.R. Horton by 112.7% during the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock worth $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV raised its position in shares of 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 purchasing an additional 212,112 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DHI. Wells Fargo & Company cut their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Citigroup dropped their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $170.93.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Up 0.3 %

Shares of NYSE:DHI traded up $0.40 during trading on Tuesday, hitting $130.61. The company's stock had a trading volume of 3,855,067 shares, compared to its average volume of 3,679,891. D.R. Horton, Inc. has a fifty-two week low of $127.47 and a fifty-two week high of $199.85. The business has a 50 day moving average price of $144.12 and a two-hundred day moving average price of $167.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market capitalization of $41.16 billion, a PE ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share 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 company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business earned $2.82 EPS. D.R. Horton's revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. D.R. Horton's payout ratio is currently 11.31%.

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.