Teacher Retirement System of Texas Has $17.04 Million Stake in D.R. Horton, Inc. $DHI

Teacher Retirement System of Texas reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 38.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,558 shares of the construction company’s stock after selling 63,863 shares during the quarter. Teacher Retirement System of Texas’ holdings in D.R. Horton were worth $17,042,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DHI. Myriad Asset Management US LP bought a new stake in D.R. Horton during the 3rd quarter valued at approximately $1,163,000. MOKAN Wealth Management Inc. bought a new stake in shares of D.R. Horton in the third quarter valued at approximately $216,000. Parkside Financial Bank & Trust grew its stake in shares of D.R. Horton by 28.9% in the third quarter. Parkside Financial Bank & Trust now owns 1,939 shares of the construction company’s stock worth $329,000 after acquiring an additional 435 shares during the last quarter. Strs Ohio increased its position in D.R. Horton by 98.7% during the third quarter. Strs Ohio now owns 118,367 shares of the construction company’s stock worth $20,060,000 after acquiring an additional 58,809 shares during the period. Finally, BIP Wealth LLC acquired a new position in D.R. Horton during the 3rd quarter valued at $720,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHI has been the topic of several research reports. Wells Fargo & Company set a $158.00 price objective on shares of D.R. Horton in a report on Wednesday. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Argus lifted their price objective on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday. Finally, Keefe, Bruyette & Woods cut their target price on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $162.64.

D.R. Horton Stock Down 3.4%

NYSE DHI opened at $150.48 on Friday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a market capitalization of $43.80 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.19 and a beta of 1.42. The stock’s 50 day moving average is $151.18 and its two-hundred day moving average is $155.31. The company has a current ratio of 6.63, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23.

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

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.35%.

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.