VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 172,814 D.R. Horton, Inc. $DHI

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 172,814 shares of the construction company's stock, valued at approximately $22,279,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of D.R. Horton at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at approximately $26,000. Bayforest Capital Ltd boosted its stake in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at approximately $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton in the first quarter valued at approximately $51,000. Finally, Adirondack Trust Co. boosted its stake in shares of D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after buying an additional 141 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DHI shares. Bank of America decreased their price target on D.R. Horton from $175.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. Citigroup lifted their price target on D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, October 1st. Royal Bank Of Canada boosted their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Finally, Evercore ISI set a $169.00 target price on D.R. Horton and gave the stock an "in-line" rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $156.54.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman directly owned 815,672 shares in the company, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Up 0.4%

DHI opened at $153.54 on Monday. The business's fifty day moving average is $167.08 and its two-hundred day moving average is $142.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The company has a market cap of $45.77 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.19 and a beta of 1.40. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the business earned $4.10 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.

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