VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 223,664 D.R. Horton, Inc. $DHI

Key Points

• Virginia Retirement Systems acquired 223,664 shares of D.R. Horton worth approximately $36.4 million, while institutional investors collectively own 90.63% of the stock.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and average price target of $166.92; Wells Fargo recently cut its target to $155.
• D.R. Horton exceeded quarterly earnings expectations with EPS of $3.20 and revenue of $9.23 billion, and pays a quarterly dividend of $0.45 per share, yielding about 1.3% annually.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 223,664 shares of the construction company's stock, valued at approximately $36,430,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.08% of D.R. Horton as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DHI. Integrated Wealth Concepts LLC increased its stake in D.R. Horton by 23.4% during 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 during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of D.R. Horton by 295.5% in 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 during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $302,000. Brown Advisory Inc. boosted its holdings 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 worth $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC increased its position in shares of D.R. Horton by 8.9% during 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 last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup restated a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Weiss Ratings raised shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a research report on Tuesday, July 21st. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their target price on shares of D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating for the company in a report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Trading Up 0.0%

Shares of NYSE DHI opened at $142.81 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The business's 50 day moving average price is $148.70 and its 200-day moving average price is $148.54. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54. The company has a market cap of $39.94 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 2.27 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 EPS. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton's dividend payout ratio (DPR) is 17.13%.

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.

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