VIRGINIA RETIREMENT SYSTEMS ET Al Has $33.10 Million Stock Holdings in D.R. Horton, Inc. $DHI

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,314 shares of the construction company’s stock after acquiring an additional 22,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in D.R. Horton were worth $33,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kingsman Wealth Management Inc. acquired a new stake in D.R. Horton in the 3rd quarter valued at $840,000. Ascent Group LLC lifted its stake in shares of D.R. Horton by 21.7% in the third quarter. Ascent Group LLC now owns 3,112 shares of the construction company’s stock valued at $527,000 after buying an additional 555 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of D.R. Horton by 29.1% during the third quarter. Sivia Capital Partners LLC now owns 3,021 shares of the construction company’s stock valued at $512,000 after buying an additional 681 shares during the last quarter. Diversified Trust Co increased its position in shares of D.R. Horton by 5.7% during the third quarter. Diversified Trust Co now owns 2,949 shares of the construction company’s stock worth $500,000 after acquiring an additional 160 shares in the last quarter. Finally, waypoint wealth counsel acquired a new stake in shares of D.R. Horton in the 3rd quarter worth about $277,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.3%

Shares of NYSE:DHI opened at $145.46 on Wednesday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a market capitalization of $42.34 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38. The business has a fifty day moving average price of $150.07 and a two-hundred day moving average price of $152.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.D.R. Horton’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $3.92 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a $0.45 dividend. The ex-dividend date was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 15.53%.

Analysts Set New Price Targets

A number of brokerages have commented on DHI. Barclays boosted their price objective on D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Citigroup restated a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. Royal Bank Of Canada upped their target price on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $161.08.

About D.R. Horton

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.