D.R. Horton, Inc. $DHI Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 21.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 237,114 shares of the construction company’s stock after buying an additional 41,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in D.R. Horton were worth $34,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors grew its position in D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares during the last quarter. Invesco Ltd. grew its position in D.R. Horton by 18.1% in the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after buying an additional 517,752 shares during the last quarter. Viking Global Investors LP grew its position in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Capital International Investors purchased a new position in D.R. Horton during the 3rd quarter worth approximately $395,179,000. Finally, Principal Financial Group Inc. grew its position in D.R. Horton by 12.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock worth $384,624,000 after purchasing an additional 252,878 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.0%

Shares of NYSE:DHI opened at $143.46 on Wednesday. The firm has a fifty day moving average of $145.44 and a two-hundred day moving average of $150.17. The firm has a market capitalization of $40.68 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41. D.R. Horton, Inc. has a 12-month low of $114.17 and a 12-month high of $184.54. 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 (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.58 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 7th. 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 16.87%.

Insider Activity

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction 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 completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DHI shares. Citigroup lifted their price objective on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. UBS Group lifted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Argus lifted their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $168.54.

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.