Victory Capital Management Inc. Raises Position in D.R. Horton, Inc. (NYSE:DHI)

Victory Capital Management Inc. increased its position in D.R. Horton, Inc. (NYSE:DHI) by 46.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 513,131 shares of the construction company’s stock after acquiring an additional 163,356 shares during the period. Victory Capital Management Inc. owned approximately 0.16% of D.R. Horton worth $71,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new position in D.R. Horton in the 3rd quarter worth $26,000. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the 4th quarter worth $30,000. Rakuten Securities Inc. raised its stake in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in D.R. Horton in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DHI shares. Barclays decreased their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Up 3.6 %

DHI stock opened at $134.06 on Friday. The firm’s fifty day moving average is $136.50 and its 200 day moving average is $161.54. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The firm has a market cap of $42.25 billion, a PE ratio of 9.47, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business earned $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

D.R. Horton Company 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.