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

California State Teachers Retirement System boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16,313.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,843,096 shares of the construction company's stock after buying an additional 63,454,134 shares during the period. California State Teachers Retirement System owned 22.83% of D.R. Horton worth $10,398,763,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Wedmont Private Capital boosted its holdings in shares of D.R. Horton by 2.2% in the second quarter. Wedmont Private Capital now owns 8,296 shares of the construction company's stock valued at $1,258,000 after acquiring an additional 180 shares in the last quarter. HB Wealth Management LLC raised its holdings in D.R. Horton by 0.8% during the second quarter. HB Wealth Management LLC now owns 19,411 shares of the construction company's stock worth $3,162,000 after purchasing an additional 148 shares in the last quarter. Nilsine Partners LLC acquired a new stake in D.R. Horton in the second quarter worth approximately $210,000. Saudi Central Bank lifted its position in D.R. Horton by 88.1% in the second quarter. Saudi Central Bank now owns 18,251 shares of the construction company's stock worth $2,973,000 after purchasing an additional 8,549 shares during the period. Finally, Angeles Wealth Management LLC bought a new position in D.R. Horton during the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

DHI has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings upgraded D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, July 20th. Zelman & Associates raised D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $175.00 to $167.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $166.92.

D.R. Horton Trading Down 2.9%

D.R. Horton stock opened at $138.68 on Wednesday. The firm has a market cap of $38.79 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 2.27 and a beta of 1.37. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $183.08. The firm's 50 day moving average price is $148.22 and its two-hundred day moving average price is $148.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.36 EPS. On average, research analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

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.

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