Strs Ohio Purchases 58,809 Shares of D.R. Horton, Inc. $DHI

Strs Ohio boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 98.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 118,367 shares of the construction company’s stock after acquiring an additional 58,809 shares during the quarter. Strs Ohio’s holdings in D.R. Horton were worth $20,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of D.R. Horton during the second quarter valued at approximately $494,278,000. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $191,491,000. Viking Global Investors LP boosted its holdings 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 acquiring an additional 1,469,978 shares during the period. Allspring Global Investments Holdings LLC grew its position in D.R. Horton by 42.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock valued at $378,628,000 after acquiring an additional 846,085 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in D.R. Horton by 136.4% in the second quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock worth $137,934,000 after purchasing an additional 619,509 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Argus boosted their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI boosted 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 report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $162.64.

D.R. Horton Price Performance

Shares of DHI opened at $150.48 on Friday. The stock has a market capitalization of $43.80 billion, a PE ratio of 13.67, a PEG ratio of 2.19 and a beta of 1.42. The company has a 50 day moving average price of $151.18 and a 200-day moving average price of $155.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 6.63. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

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.