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

New York State Teachers Retirement System boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 6.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,813 shares of the construction company’s stock after buying an additional 14,698 shares during the period. New York State Teachers Retirement System’s holdings in D.R. Horton were worth $32,770,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $27,000. Ameriflex Group Inc. acquired a new position in shares of D.R. Horton during the third quarter worth approximately $31,000. Osbon Capital Management LLC bought a new position in shares of D.R. Horton in the 4th quarter worth $26,000. Finally, Elevated Capital Advisors LLC acquired a new stake in D.R. Horton in the 4th quarter valued at $27,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 0.1%

NYSE DHI opened at $158.45 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $150.94 and a 200 day simple moving average of $150.25. D.R. Horton, Inc. has a 12 month low of $129.11 and a 12 month high of $184.54. The firm has a market capitalization of $44.93 billion, a P/E ratio of 14.85, a PEG ratio of 2.22 and a beta of 1.36.

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

D.R. Horton Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on DHI shares. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. UBS Group raised their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Barclays boosted their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Citigroup raised their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.54.

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.