D. R. Horton Inc (DHI) Position Raised by Retirement Systems of Alabama

Retirement Systems of Alabama increased its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 511,132 shares of the construction company’s stock after acquiring an additional 11,194 shares during the period. Retirement Systems of Alabama’s holdings in D. R. Horton were worth $21,151,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DHI. PRW Wealth Management LLC acquired a new stake in D. R. Horton in the fourth quarter valued at approximately $30,000. Sage Capital Advisors llc purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $31,000. Semmax Financial Advisors Inc. purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $33,000. JOYN Advisors Inc. boosted its position in shares of D. R. Horton by 37.0% during the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after buying an additional 268 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of D. R. Horton by 125.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,107 shares of the construction company’s stock valued at $38,000 after buying an additional 615 shares during the last quarter. 84.39% of the stock is owned by hedge funds and other institutional investors.

DHI has been the topic of several analyst reports. Zelman & Associates raised D. R. Horton from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Mizuho raised D. R. Horton from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $45.00 in a research report on Wednesday, January 23rd. Credit Suisse Group set a $46.00 target price on D. R. Horton and gave the company a “buy” rating in a research report on Friday, January 25th. Raymond James cut D. R. Horton from a “strong-buy” rating to a “market perform” rating and set a $39.43 target price on the stock. in a research report on Thursday, February 14th. Finally, Keefe, Bruyette & Woods raised D. R. Horton from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $45.00 in a research report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $47.40.

In related news, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.28, for a total transaction of $82,560.00. Following the sale, the director now directly owns 9,000 shares in the company, valued at $371,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 4,000 shares of D. R. Horton stock in a transaction on 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 owns 5,650 shares in the company, valued at $207,863.50. The disclosure for this sale can be found here. Insiders have sold 12,666 shares of company stock worth $497,652 over the last quarter. 6.87% of the stock is currently owned by corporate insiders.

Shares of D. R. Horton stock opened at $45.69 on Wednesday. The firm has a market cap 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. D. R. Horton Inc has a 12 month low of $32.39 and a 12 month high of $46.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 6.85.

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

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About D. R. Horton

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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