Teacher Retirement System of Texas Acquires 61,376 Shares of D.R. Horton, Inc. (NYSE:DHI)

Teacher Retirement System of Texas boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 62.2% during the 4th quarter, Holdings Channel reports. The fund owned 159,976 shares of the construction company’s stock after buying an additional 61,376 shares during the period. Teacher Retirement System of Texas’ holdings in D.R. Horton were worth $22,368,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DHI. Principal Financial Group Inc. boosted its holdings in D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in D.R. Horton by 3.4% in the third quarter. Pathstone Holdings LLC now owns 42,770 shares of the construction company’s stock worth $8,159,000 after acquiring an additional 1,426 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in D.R. Horton in the third quarter worth approximately $1,746,000. Advisors Asset Management Inc. boosted its holdings in D.R. Horton by 17.0% in the third quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company’s stock worth $5,230,000 after acquiring an additional 3,990 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in D.R. Horton by 1.6% in the third quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company’s stock worth $1,527,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $128.77 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $134.42 and a 200 day moving average of $157.19. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The company has a market capitalization of $40.58 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DHI shares. The Goldman Sachs Group cut their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Barclays dropped their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

About D.R. Horton

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 118 markets across 33 states under the names of D.R.