Retirement Systems of Alabama Raises Holdings in D. R. Horton Inc (DHI)

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Retirement Systems of Alabama lifted its stake in shares of D. R. Horton Inc (NYSE:DHI) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 511,132 shares of the construction company’s stock after purchasing an additional 11,194 shares during the quarter. Retirement Systems of Alabama owned 0.14% of D. R. Horton worth $21,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Sanders Capital LLC grew its holdings in shares of D. R. Horton by 32.1% during the 4th quarter. Sanders Capital LLC now owns 18,594,037 shares of the construction company’s stock worth $704,810,000 after purchasing an additional 4,517,147 shares in the last quarter. FMR LLC grew its holdings in shares of D. R. Horton by 36.0% during the 4th quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock worth $566,576,000 after purchasing an additional 4,327,013 shares in the last quarter. Norges Bank acquired a new stake in shares of D. R. Horton during the 4th quarter worth $115,236,000. Oregon Public Employees Retirement Fund grew its holdings in shares of D. R. Horton by 7,047.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,694,226 shares of the construction company’s stock worth $78,000 after purchasing an additional 2,656,532 shares in the last quarter. Finally, Lakewood Capital Management LP acquired a new stake in shares of D. R. Horton during the 4th quarter worth $35,596,000. 84.39% of the stock is currently owned by institutional investors.

NYSE:DHI opened at $45.69 on Wednesday. The stock has a market capitalization of $16.96 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The company has a current ratio of 6.85, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $46.91.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Friday, January 25th. The construction company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. D. R. Horton had a net margin of 9.59% and a return on equity of 17.51%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. Equities analysts predict that D. R. Horton Inc will post 3.94 EPS for the current fiscal year.

Several analysts have recently issued reports on DHI shares. Mizuho raised D. R. Horton from a “neutral” rating to a “buy” rating and increased their target price for the stock from $40.00 to $45.00 in a report on Wednesday, January 23rd. Credit Suisse Group set a $46.00 target price on D. R. Horton and gave the stock a “buy” rating in a report on Friday, January 25th. Buckingham Research started coverage on D. R. Horton in a report on Friday, January 11th. They set a “buy” rating on the stock. Raymond James raised D. R. Horton to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, December 20th. Finally, JMP Securities set a $44.00 target price on D. R. Horton and gave the stock a “buy” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.40.

In related news, Director Barbara K. Allen sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $36.79, for a total value of $147,160.00. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $207,863.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara K. Allen sold 1,410 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $40.47, for a total value of $57,062.70. Following the completion of the sale, the director now directly owns 7,060 shares in the company, valued at $285,718.20. The disclosure for this sale can be found here. Insiders sold 12,666 shares of company stock worth $497,652 over the last ninety days. 6.87% of the stock is currently owned by insiders.

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D. R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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