Public Employees Retirement System of Ohio Makes New $13 Million Investment in D.R. Horton, Inc. $DHI

Public Employees Retirement System of Ohio bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel reports. The fund bought 79,816 shares of the construction company’s stock, valued at approximately $13,000,000.

Other large investors also recently modified their holdings of the company. First Manhattan CO. LLC. lifted its holdings in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after purchasing an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after purchasing an additional 71 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in D.R. Horton by 27.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after buying an additional 72 shares during the period. AdvisorShares Investments LLC raised its holdings in D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after buying an additional 77 shares during the period. Finally, Studio Investment Management LLC lifted its stake in D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after buying an additional 79 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

NYSE DHI opened at $147.58 on Monday. The firm’s 50 day moving average is $151.06 and its 200-day moving average is $149.49. 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 company has a market capitalization of $41.28 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 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 analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.36 earnings per share. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is currently 17.13%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DHI shares. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Barclays boosted their price target on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton Company 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.