Teachers Retirement System of The State of Kentucky Sells 132,429 Shares of D.R. Horton, Inc. (NYSE:DHI)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 85.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,389 shares of the construction company's stock after selling 132,429 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in D.R. Horton were worth $4,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bfsg LLC boosted its holdings in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after acquiring an additional 74 shares during the last quarter. Coastline Trust Co purchased a new position in D.R. Horton during the third quarter worth about $26,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% in 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. Wolff Wiese Magana LLC increased its stake in D.R. Horton by 1,306.7% in the 3rd 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 last quarter. Finally, Grove Bank & Trust lifted its position in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after buying an additional 93 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DHI. Citigroup decreased their price target on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Barclays reaffirmed an "equal weight" rating and issued a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a research report on Wednesday. Finally, Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price for the company in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $180.60.

D.R. Horton Price Performance

NYSE DHI traded down $1.34 during trading hours on Friday, hitting $149.87. The company had a trading volume of 4,895,541 shares, compared to its average volume of 2,513,076. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market capitalization of $48.13 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.57 and a beta of 1.71. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The firm has a 50 day simple moving average of $171.02 and a 200 day simple moving average of $168.78.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the business posted $4.45 EPS. D.R. Horton's quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.07%. D.R. Horton's payout ratio is 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.74% of the company's stock.

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.