Trade Report: Today, Kentucky Retirement Systems Invests $884,000 in D.R. Horton Inc. (DHI)

Today, Kentucky Retirement Systems Invests $884,000 in D.R. Horton Inc. (DHI)

Kentucky Retirement Systems purchased a new stake in D.R. Horton Inc. (NYSE:DHI) during the second quarter, Holdings Channel reports. The firm purchased 28,073 shares of the company’s stock, valued at approximately $884,000.

A number of other large investors also recently modified their holdings of the company. Panagora Asset Management Inc. raised its stake in D.R. Horton by 11.8% in the first quarter. Panagora Asset Management Inc. now owns 217,147 shares of the company’s stock worth $6,564,000 after buying an additional 22,968 shares during the last quarter. Babson Capital Management LLC boosted its position in shares of D.R. Horton by 35.3% in the first quarter. Babson Capital Management LLC now owns 29,906 shares of the company’s stock valued at $904,000 after buying an additional 7,800 shares during the last quarter. Arizona State Retirement System boosted its position in shares of D.R. Horton by 0.3% in the first quarter. Arizona State Retirement System now owns 89,200 shares of the company’s stock valued at $2,697,000 after buying an additional 300 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of D.R. Horton by 52.7% in the first quarter. Squarepoint Ops LLC now owns 51,293 shares of the company’s stock valued at $1,551,000 after buying an additional 17,696 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of D.R. Horton by 99.4% in the first quarter. First Republic Investment Management Inc. now owns 41,598 shares of the company’s stock valued at $1,258,000 after buying an additional 20,737 shares during the last quarter. 81.94% of the stock is owned by institutional investors.

Shares of D.R. Horton Inc. (NYSE:DHI) traded up 0.24% during trading on Friday, hitting $28.88. The company’s stock had a trading volume of 1,048,838 shares. The company has a market capitalization of $10.77 billion, a P/E ratio of 12.24 and a beta of 1.17. The firm’s 50 day moving average is $28.70 and its 200-day moving average is $30.76. D.R. Horton Inc. has a 1-year low of $22.97 and a 1-year high of $34.56.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.02. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The firm earned $3.70 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts forecast that D.R. Horton Inc. will post $2.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.10 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.39%. D.R. Horton’s dividend payout ratio is currently 17.02%.

A number of research firms have commented on DHI. Vetr cut shares of D.R. Horton from a “buy” rating to a “sell” rating and set a $25.52 target price on the stock. in a research report on Tuesday, November 15th. Wells Fargo & Co. started coverage on shares of D.R. Horton in a research report on Wednesday, September 28th. They set an “outperform” rating on the stock. Wedbush initiated coverage on shares of D.R. Horton in a research report on Monday, September 19th. They set an “outperform” rating and a $36.00 price target on the stock. Evercore ISI initiated coverage on shares of D.R. Horton in a research note on Monday, November 14th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Bank of America Corp. upgraded shares of D.R. Horton from a “neutral” rating to a “buy” rating and upped their target price for the stock from $35.05 to $36.00 in a research note on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. D.R. Horton currently has an average rating of “Hold” and a consensus target price of $31.10.

In related news, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $159,350. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.17% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

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