D. R. Horton Inc (DHI) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in shares of D. R. Horton Inc (NYSE:DHI) by 13.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 852,701 shares of the construction company’s stock after acquiring an additional 101,301 shares during the period. California Public Employees Retirement System owned about 0.22% of D. R. Horton worth $43,547,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its holdings in shares of D. R. Horton by 1.4% during the second quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock worth $283,000 after buying an additional 111 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of D. R. Horton by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 217,005 shares of the construction company’s stock worth $7,502,000 after buying an additional 565 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of D. R. Horton by 17.9% during the third quarter. Cetera Investment Advisers now owns 7,295 shares of the construction company’s stock worth $293,000 after buying an additional 1,105 shares in the last quarter. Global X MANAGEMENT CO LLC grew its holdings in shares of D. R. Horton by 14.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,318 shares of the construction company’s stock worth $372,000 after buying an additional 1,167 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of D. R. Horton by 0.6% during the third quarter. Teacher Retirement System of Texas now owns 188,956 shares of the construction company’s stock worth $7,545,000 after buying an additional 1,170 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Shares of D. R. Horton Inc (NYSE:DHI) opened at $45.42 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. D. R. Horton Inc has a 1-year low of $29.99 and a 1-year high of $53.32. The stock has a market cap of $16,860.04, a PE ratio of 17.01, a P/E/G ratio of 1.20 and a beta of 1.09.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. D. R. Horton’s quarterly revenue was up 14.8% on a year-over-year basis. research analysts expect that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, February 22nd. D. R. Horton’s dividend payout ratio is currently 18.73%.

A number of equities research analysts have recently issued reports on DHI shares. BTIG Research upped their target price on shares of D. R. Horton to $62.00 in a report on Thursday, December 14th. ValuEngine lowered shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 target price on shares of D. R. Horton in a report on Sunday, November 12th. UBS Group started coverage on shares of D. R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price for the company. Finally, KeyCorp upped their target price on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $52.69.

In related news, COO Michael J. Murray sold 7,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.23, for a total value of $337,610.00. Following the completion of the sale, the chief operating officer now owns 56,304 shares of the company’s stock, valued at $2,715,541.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bill W. Wheat sold 2,670 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $45.01, for a total transaction of $120,176.70. Following the transaction, the chief financial officer now directly owns 101,874 shares of the company’s stock, valued at approximately $4,585,348.74. The disclosure for this sale can be found here. Insiders sold 227,818 shares of company stock valued at $10,206,387 in the last three months. 7.20% of the stock is currently owned by insiders.

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About D. R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

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

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