Victory Capital Management Inc. Acquires 29,179 Shares of D.R. Horton, Inc. (NYSE:DHI)

Victory Capital Management Inc. lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.2% during the fourth quarter, Holdings Channel reports. The fund owned 268,295 shares of the construction company’s stock after buying an additional 29,179 shares during the quarter. Victory Capital Management Inc.’s holdings in D.R. Horton were worth $40,775,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Hexagon Capital Partners LLC boosted its position in shares of D.R. Horton by 31.5% in the fourth quarter. Hexagon Capital Partners LLC now owns 663 shares of the construction company’s stock valued at $101,000 after acquiring an additional 159 shares during the period. Brighton Jones LLC raised its position in D.R. Horton by 10.0% in the 4th quarter. Brighton Jones LLC now owns 2,051 shares of the construction company’s stock worth $312,000 after buying an additional 186 shares during the last quarter. Penobscot Investment Management Company Inc. boosted its position in D.R. Horton by 0.4% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 31,245 shares of the construction company’s stock worth $4,749,000 after purchasing an additional 130 shares during the last quarter. Investment House LLC grew its holdings in D.R. Horton by 3.1% during the fourth quarter. Investment House LLC now owns 13,289 shares of the construction company’s stock valued at $2,020,000 after purchasing an additional 400 shares during the period. Finally, Choreo LLC purchased a new stake in D.R. Horton in the 4th quarter worth $1,390,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 2.1 %

NYSE DHI opened at $148.48 on Monday. The company has a market capitalization of $48.90 billion, a PE ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.66. The stock has a 50-day simple moving average of $152.09 and a 200 day simple moving average of $142.01. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.73 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. D.R. Horton’s dividend payout ratio is 8.17%.

Analyst Ratings Changes

DHI has been the subject of a number of analyst reports. Raymond James raised their price target on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Jefferies Financial Group increased their price target on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. BTIG Research decreased their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. The Goldman Sachs Group lifted their price target on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Wedbush reissued an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 25,812 shares of company stock worth $4,029,217 in the last ninety days. 1.74% of the stock is owned by insiders.

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.