Illinois Municipal Retirement Fund Has $6.49 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Illinois Municipal Retirement Fund lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 25.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 46,429 shares of the construction company’s stock after selling 15,449 shares during the period. Illinois Municipal Retirement Fund’s holdings in D.R. Horton were worth $6,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of DHI. Coastline Trust Co bought a new position in shares of D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. increased 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 valued at $33,000 after acquiring an additional 117 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $30,000. FSA Wealth Management LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $47,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $128.40 on Thursday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $40.46 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The business has a 50 day moving average of $137.96 and a 200-day moving average of $163.42.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Wedbush reissued a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group dropped their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton 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.