New York State Teachers Retirement System Has $32.77 Million Stake in D.R. Horton, Inc. $DHI

New York State Teachers Retirement System raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 238,813 shares of the construction company’s stock after acquiring an additional 14,698 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of D.R. Horton worth $32,770,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DHI. Core Wealth Advisors LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in D.R. Horton during the 4th quarter worth about $26,000. Sound Income Strategies LLC acquired a new position in D.R. Horton during the 4th quarter worth about $27,000. Elevated Capital Advisors LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $27,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $30,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.1%

Shares of D.R. Horton stock opened at $158.45 on Friday. D.R. Horton, Inc. has a one year low of $129.11 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The stock’s 50-day moving average is $150.94 and its 200 day moving average is $150.25. The firm has a market cap of $44.93 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.22 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.61 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s payout ratio is currently 16.87%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada upped their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Truist Financial increased their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $168.54.

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.