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

Louisiana State Employees Retirement System bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,700 shares of the construction company’s stock, valued at approximately $1,880,000.

Other large investors have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth about $25,000. Sound Income Strategies LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $27,000. Ameriflex Group Inc. acquired a new position in D.R. Horton during the third quarter worth approximately $31,000. Osbon Capital Management LLC acquired a new position in D.R. Horton during the fourth quarter worth approximately $26,000. Finally, Elevated Capital Advisors LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $27,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DHI shares. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Barclays increased their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group lifted their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Citigroup boosted their price target on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $162.97 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a 50-day moving average of $150.98 and a two-hundred day moving average of $150.16. The stock has a market cap of $46.21 billion, a P/E ratio of 15.27, a PEG ratio of 2.29 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $128.00 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (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 business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the previous year, the company earned $2.58 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 10.61 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders 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 annualized dividend and a yield of 1.1%. D.R. Horton’s payout ratio is currently 16.87%.

D.R. Horton Company 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.