Illinois Municipal Retirement Fund Sells 11,428 Shares of D.R. Horton, Inc. $DHI

Illinois Municipal Retirement Fund reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 22.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,042 shares of the construction company’s stock after selling 11,428 shares during the period. Illinois Municipal Retirement Fund’s holdings in D.R. Horton were worth $6,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DHI. Integrated Wealth Concepts LLC raised its holdings in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton during the second quarter valued at about $302,000. CWM LLC boosted its holdings in shares of D.R. Horton by 23.6% during the second quarter. CWM LLC now owns 24,888 shares of the construction company’s stock worth $3,209,000 after purchasing an additional 4,755 shares during the period. Finally, MGO One Seven LLC grew its stake in shares of D.R. Horton by 39.5% in the second quarter. MGO One Seven LLC now owns 2,433 shares of the construction company’s stock worth $314,000 after purchasing an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $167.96 on Friday. The stock has a market cap of $48.66 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 2.54 and a beta of 1.44. The business’s fifty day moving average is $152.48 and its 200 day moving average is $156.94. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.51% and a net margin of 9.95%.The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 earnings per share. Research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on DHI shares. Evercore upped their price target on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Argus upped their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Finally, Zacks Research lowered shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $160.29.

About D.R. Horton

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.