Teacher Retirement System of Texas Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Teacher Retirement System of Texas decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 66.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 51,105 shares of the construction company’s stock after selling 101,349 shares during the period. Teacher Retirement System of Texas’ holdings in D.R. Horton were worth $3,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in D.R. Horton by 3,203.7% during the 3rd quarter. Larson Financial Group LLC now owns 17,014 shares of the construction company’s stock valued at $1,146,000 after purchasing an additional 16,499 shares during the period. SMH Capital Advisors Inc. purchased a new position in shares of D.R. Horton in the 3rd quarter worth approximately $712,000. Hamilton Wealth LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth approximately $311,000. Daiwa Securities Group Inc. grew its position in shares of D.R. Horton by 2.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,974 shares of the construction company’s stock worth $1,480,000 after buying an additional 625 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of D.R. Horton by 0.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 139,311 shares of the construction company’s stock worth $9,439,000 after buying an additional 1,274 shares during the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

Insider Buying and Selling

In related news, VP Aron M. Odom sold 1,300 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the completion of the sale, the vice president now owns 1,724 shares of the company’s stock, valued at approximately $144,195.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Aron M. Odom sold 1,300 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total transaction of $108,732.00. Following the completion of the sale, the vice president now owns 1,724 shares of the company’s stock, valued at $144,195.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 470 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $84.86, for a total transaction of $39,884.20. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $479,459. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,770 shares of company stock valued at $3,011,976. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of analyst reports. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $98.00 to $99.00 in a research note on Tuesday. KeyCorp lifted their target price on shares of D.R. Horton from $84.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, November 14th. StockNews.com assumed coverage on shares of D.R. Horton in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Oppenheimer assumed coverage on shares of D.R. Horton in a research note on Wednesday, January 18th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus target price of $93.62.

D.R. Horton Stock Performance

DHI opened at $97.00 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.92 and a quick ratio of 1.10. The firm has a fifty day moving average price of $88.79 and a 200 day moving average price of $79.13. D.R. Horton, Inc. has a 1 year low of $59.25 and a 1 year high of $98.93. The stock has a market cap of $33.42 billion, a P/E ratio of 5.86, a P/E/G ratio of 0.64 and a beta of 1.49.

D.R. Horton (NYSE:DHIGet Rating) last posted its earnings results on Tuesday, January 24th. The construction company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.52. D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The firm had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the business posted $3.17 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton, Inc. will post 9.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, February 7th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.03%. D.R. Horton’s payout ratio is presently 6.05%.

D.R. Horton Profile

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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 106 markets across 33 states under the names of D.R.

See Also

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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