D.R. Horton, Inc. $DHI Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 391,964 shares of the construction company's stock after purchasing an additional 3,002 shares during the period. California State Teachers Retirement System owned about 0.14% of D.R. Horton worth $63,843,096 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its stake in D.R. Horton by 11.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company's stock valued at $103,000 after acquiring an additional 71 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in D.R. Horton by 27.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock worth $48,000 after buying an additional 72 shares in the last quarter. AdvisorShares Investments LLC raised its holdings in D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company's stock worth $480,000 after purchasing an additional 77 shares in the last quarter. Studio Investment Management LLC lifted its stake in D.R. Horton by 0.3% during the 4th quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company's stock valued at $3,325,000 after acquiring an additional 79 shares during the period. Finally, Values First Advisors Inc. grew its holdings in D.R. Horton by 1.6% during the 1st quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company's stock valued at $707,000 after buying an additional 80 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.7%

Shares of DHI stock traded up $1.04 during mid-day trading on Tuesday, hitting $140.45. The stock had a trading volume of 1,122,802 shares, compared to its average volume of 2,622,620. The firm's 50-day moving average is $146.63 and its two-hundred day moving average is $147.60. The firm has a market capitalization of $39.28 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $177.58.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.36 earnings per share. On average, analysts predict that D.R. Horton, Inc. will post 10.45 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton's payout ratio is currently 17.13%.

Analyst Ratings Changes

DHI has been the subject of a number of recent analyst reports. Weiss Ratings upgraded D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. The Goldman Sachs Group restated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Royal Bank Of Canada reissued a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their target price on shares of D.R. Horton from $155.00 to $145.00 and set an "equal weight" rating for the company in a research report on Friday. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $166.08.

D.R. Horton Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.

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