California Public Employees Retirement System Has $120.84 Million Stock Holdings in D.R. Horton, Inc. $DHI

California Public Employees Retirement System lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 94.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 880,665 shares of the construction company’s stock after purchasing an additional 426,886 shares during the quarter. California Public Employees Retirement System’s holdings in D.R. Horton were worth $120,845,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DHI. Integrated Wealth Concepts LLC increased its holdings in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton during the 2nd quarter valued at about $302,000. Brown Advisory Inc. grew its position in shares of D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC grew its position in shares of D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DHI. Barclays raised their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company increased their price objective on shares of 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. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Finally, Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $168.62.

D.R. Horton Price Performance

Shares of DHI opened at $149.24 on Friday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a twelve month low of $129.22 and a twelve month high of $184.54. The stock has a market capitalization of $42.32 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.09 and a beta of 1.36. The company has a 50 day moving average of $150.54 and a 200-day moving average of $150.41.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 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 business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is presently 16.87%.

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.