Teacher Retirement System of Texas Has $22.37 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Teacher Retirement System of Texas boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 62.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 159,976 shares of the construction company's stock after buying an additional 61,376 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of D.R. Horton worth $22,368,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DHI. Sandy Spring Bank lifted its stake in shares of D.R. Horton by 4.6% during the fourth quarter. Sandy Spring Bank now owns 14,086 shares of the construction company's stock valued at $1,969,000 after acquiring an additional 619 shares during the period. Royal London Asset Management Ltd. raised its holdings in D.R. Horton by 7.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 136,120 shares of the construction company's stock worth $19,032,000 after purchasing an additional 9,722 shares during the last quarter. Investment House LLC lifted its position in D.R. Horton by 109.6% during the 4th quarter. Investment House LLC now owns 50,846 shares of the construction company's stock valued at $7,109,000 after purchasing an additional 26,582 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of D.R. Horton in the 4th quarter valued at about $2,205,000. Finally, Horizon Investments LLC raised its stake in shares of D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after buying an additional 91 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Citigroup reduced their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Barclays lowered their price target on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, Bank of America lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Two equities 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 issued a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $170.93.

D.R. Horton Stock Up 1.2 %

Shares of D.R. Horton stock traded up $1.62 on Tuesday, hitting $131.97. The company had a trading volume of 1,081,913 shares, compared to its average volume of 2,691,779. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a 50-day moving average of $134.26 and a 200-day moving average of $156.43. The firm has a market capitalization of $41.59 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is presently 11.31%.

D.R. Horton Company Profile

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.