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 lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 85.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,389 shares of the construction company’s stock after selling 132,429 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in D.R. Horton were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Toronto Dominion Bank boosted its stake 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 acquiring an additional 15,460 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of D.R. Horton by 11.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,862 shares of the construction company’s stock worth $1,103,000 after purchasing an additional 617 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after buying an additional 21,073 shares during the period. Continuum Advisory LLC increased its position in shares of D.R. Horton by 66.1% in the 3rd quarter. Continuum Advisory LLC now owns 387 shares of the construction company’s stock valued at $74,000 after buying an additional 154 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in shares of D.R. Horton by 97.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 50,458 shares of the construction company’s stock valued at $9,626,000 after buying an additional 24,955 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DHI. Wells Fargo & Company decreased their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $200.00 to $183.00 in a research report on Tuesday. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $188.00 to $156.00 in a research note on Friday. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, Citigroup reduced their target price on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $180.60.

D.R. Horton Stock Performance

NYSE:DHI opened at $149.85 on Friday. The stock has a 50 day simple moving average of $171.02 and a 200 day simple moving average of $168.78. The stock has a market cap of $48.13 billion, a P/E ratio of 10.44, a PEG ratio of 0.57 and a beta of 1.71. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.45 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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.