State of New Jersey Common Pension Fund D Buys 3,845 Shares of D.R. Horton, Inc. $DHI

State of New Jersey Common Pension Fund D increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 91,990 shares of the construction company’s stock after buying an additional 3,845 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in D.R. Horton were worth $15,590,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in D.R. Horton by 0.7% in the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock worth $1,629,067,000 after acquiring an additional 92,219 shares in the last quarter. Norges Bank bought a new position in shares of D.R. Horton during the second quarter valued at $494,278,000. Franklin Resources Inc. raised its position in shares of D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock worth $412,567,000 after purchasing an additional 450,362 shares during the last quarter. Invesco Ltd. boosted its stake in D.R. Horton by 13.2% in the 2nd quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock worth $367,972,000 after purchasing an additional 333,846 shares in the last quarter. Finally, Viking Global Investors LP grew its position in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on DHI shares. Evercore raised their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Argus increased their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Bank of America set a $158.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $160.29.

D.R. Horton Trading Up 2.0%

Shares of DHI stock opened at $167.96 on Tuesday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The stock has a market capitalization of $48.66 billion, a P/E ratio of 15.25, a P/E/G ratio of 2.59 and a beta of 1.44. The firm’s 50 day moving average is $152.79 and its 200 day moving average is $157.28.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 EPS. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s dividend payout ratio is currently 16.35%.

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.