Louisiana State Employees Retirement System Takes $1.88 Million Position in D.R. Horton, Inc. $DHI

Louisiana State Employees Retirement System purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,700 shares of the construction company’s stock, valued at approximately $1,880,000.

A number of other hedge funds have also recently added to or reduced their stakes in DHI. Merit Financial Group LLC grew its holdings in D.R. Horton by 25.6% during the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after acquiring an additional 3,726 shares during the period. Nordea Investment Management AB lifted its holdings in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after acquiring an additional 363,573 shares during the period. Arete Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth $946,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of D.R. Horton by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock worth $82,253,000 after purchasing an additional 9,765 shares in the last quarter. Finally, Capital International Sarl grew its stake in shares of D.R. Horton by 272.1% during the 3rd quarter. Capital International Sarl now owns 23,014 shares of the construction company’s stock worth $3,900,000 after purchasing an additional 16,829 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of several recent analyst reports. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Truist Financial upped their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Barclays boosted their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada upped their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Down 0.8%

Shares of NYSE:DHI opened at $162.97 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $46.21 billion, a P/E ratio of 15.27, a P/E/G ratio of 2.29 and a beta of 1.37. D.R. Horton, Inc. has a 52-week low of $128.00 and a 52-week high of $184.54. The stock’s fifty day simple moving average is $150.98 and its 200-day simple moving average is $150.16.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the business posted $2.58 EPS. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.61 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s payout ratio is 16.87%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.