Kentucky Retirement Systems Insurance Trust Fund Has $1.66 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Kentucky Retirement Systems Insurance Trust Fund trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,688 shares of the construction company’s stock after selling 871 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in D.R. Horton were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DHI. Legacy CG LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $4,220,000. Bessemer Group Inc. boosted its stake in D.R. Horton by 107.6% during the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after acquiring an additional 7,699 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in D.R. Horton by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock worth $68,448,000 after purchasing an additional 199,668 shares during the period. DNB Asset Management AS increased its stake in D.R. Horton by 10.3% in the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock valued at $7,132,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of D.R. Horton by 36.1% during the first quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock valued at $10,157,000 after purchasing an additional 16,386 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DHI. UBS Group decreased their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. BTIG Research lowered their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Price Performance

NYSE DHI opened at $161.61 on Friday. The company has a market cap of $52.66 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. 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’s 50-day simple moving average is $182.40 and its two-hundred day simple moving average is $166.94. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the firm earned $4.45 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.99%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

D.R. Horton Company 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.