Louisiana State Employees Retirement System Buys 100 Shares of D.R. Horton, Inc. (NYSE:DHI)

Posted by Defense World Staff on Jul 3rd, 2023

Louisiana State Employees Retirement System raised its stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,300 shares of the construction company’s stock after purchasing an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in D.R. Horton were worth $1,983,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in D.R. Horton by 1.1% in the first quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after purchasing an additional 406,429 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of D.R. Horton by 208.9% during the 4th quarter. Parnassus Investments LLC now owns 9,903,292 shares of the construction company’s stock worth $882,779,000 after acquiring an additional 6,697,209 shares during the period. Geode Capital Management LLC boosted its stake in shares of D.R. Horton by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 6,470,687 shares of the construction company’s stock worth $575,836,000 after acquiring an additional 18,774 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of D.R. Horton by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,791,066 shares of the construction company’s stock worth $516,214,000 after acquiring an additional 26,144 shares during the period. Finally, Sanders Capital LLC boosted its stake in shares of D.R. Horton by 0.4% during the 4th quarter. Sanders Capital LLC now owns 5,413,320 shares of the construction company’s stock worth $482,543,000 after acquiring an additional 19,806 shares during the period. 86.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on DHI shares. Deutsche Bank Aktiengesellschaft started coverage on D.R. Horton in a research note on Wednesday, May 31st. They set a “buy” rating and a $150.00 target price for the company. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of D.R. Horton in a report on Tuesday, April 25th. Argus lifted their price target on D.R. Horton from $120.00 to $135.00 in a report on Friday, June 23rd. Seaport Res Ptn reissued a “buy” rating on shares of D.R. Horton in a report on Wednesday, June 14th. Finally, StockNews.com began coverage on D.R. Horton in a report on Thursday, May 18th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.09.

D.R. Horton Price Performance

Shares of DHI stock opened at $121.69 on Monday. The company has a quick ratio of 1.27, a current ratio of 6.80 and a debt-to-equity ratio of 0.28. D.R. Horton, Inc. has a twelve month low of $66.01 and a twelve month high of $124.05. The company has a market cap of $41.50 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.70 and a beta of 1.53. The business has a fifty day simple moving average of $112.10 and a 200 day simple moving average of $101.11.

D.R. Horton (NYSE:DHI – Free Report) last announced its quarterly earnings data on Thursday, April 20th. The construction company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.83. D.R. Horton had a return on equity of 25.94% and a net margin of 15.39%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $6.48 billion. During the same period in the prior year, the company earned $4.03 EPS. D.R. Horton’s revenue for the quarter was down .3% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 11.17 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, May 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 2nd. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 6.74%.

Insider Buying and Selling

In other D.R. Horton news, CFO Bill W. Wheat sold 32,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total value of $3,769,920.00. Following the completion of the transaction, the chief financial officer now owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other D.R. Horton news, CFO Bill W. Wheat sold 32,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total value of $3,769,920.00. Following the completion of the transaction, the chief financial officer now owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Paul J. Romanowski sold 40,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $112.16, for a total value of $4,486,400.00. Following the completion of the transaction, the chief operating officer now directly owns 84,268 shares of the company’s stock, valued at approximately $9,451,498.88. The disclosure for this sale can be found here. Insiders sold a total of 126,000 shares of company stock worth $14,207,660 in the last ninety days. 0.61% of the stock is owned by insiders.

D.R. Horton Company Profile

(Free Report)

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 106 markets across 33 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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