VIRGINIA RETIREMENT SYSTEMS ET Al Increases Holdings in D.R. Horton, Inc. $DHI

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,114 shares of the construction company’s stock after acquiring an additional 41,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of D.R. Horton worth $34,152,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Concord Wealth Partners purchased a new stake in D.R. Horton in the 3rd quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth $27,000. Ameriflex Group Inc. acquired a new stake in shares of D.R. Horton during the third quarter worth $31,000. Elevated Capital Advisors LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth $27,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $143.46 on Wednesday. The firm’s 50 day moving average is $145.44 and its two-hundred day moving average is $150.17. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The firm has a market capitalization of $40.68 billion, a P/E ratio of 13.45, a PEG ratio of 2.03 and a beta of 1.41. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate 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 company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter last year, the business earned $2.58 earnings per share. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Wall Street Analyst Weigh In

DHI has been the subject of several recent research reports. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Bank of America set a $158.00 price target on D.R. Horton in a report on Wednesday, January 21st. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Argus upped their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $168.54.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

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.