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

Teacher Retirement System of Texas grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 62.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 159,976 shares of the construction company’s stock after acquiring an additional 61,376 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of D.R. Horton worth $22,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DHI. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton during the 3rd quarter worth $1,853,178,000. FMR LLC raised its holdings in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after buying an additional 21,073 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after buying an additional 47,678 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after buying an additional 120,892 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Down 1.8 %

Shares of DHI stock opened at $128.77 on Friday. The stock has a market cap of $40.58 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80. The stock has a 50-day moving average of $134.42 and a 200-day moving average of $157.19. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on DHI shares. JMP Securities reissued a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays lowered their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.