California State Teachers Retirement System Has $10.40 Billion Stock Position in D.R. Horton, Inc. $DHI

California State Teachers Retirement System increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 16,313.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,843,096 shares of the construction company’s stock after acquiring an additional 63,454,134 shares during the quarter. California State Teachers Retirement System owned 0.23% of D.R. Horton worth $10,398,763,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital World Investors boosted its stake in D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. BlackRock Inc. purchased a new stake in shares of D.R. Horton in the second quarter valued at $4,067,842,000. Capital Research Global Investors lifted its holdings in shares of D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton in the fourth quarter worth $649,305,000. Finally, Morgan Stanley boosted its position in shares of D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock worth $530,711,000 after buying an additional 67,578 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DHI. BTIG Research set a $184.00 price target on D.R. Horton in a research report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Wells Fargo & Company lowered their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $166.92.

D.R. Horton Trading Down 2.9%

D.R. Horton stock opened at $138.68 on Wednesday. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $183.08. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $38.79 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.27 and a beta of 1.37. The company’s fifty day simple moving average is $148.22 and its 200-day simple moving average is $148.34.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $3.36 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is 17.13%.

D.R. Horton 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.