D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,182 shares of the construction company’s stock after purchasing an additional 3,659 shares during the quarter. Tower Research Capital LLC TRC’s holdings in D.R. Horton were worth $1,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DHI. Principal Financial Group Inc. boosted its holdings in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the period. Passumpsic Savings Bank purchased a new position in shares of D.R. Horton in the third quarter valued at $2,466,000. Virtu Financial LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at $2,942,000. Morse Asset Management Inc increased its stake in D.R. Horton by 11.5% during the 3rd quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company’s stock worth $3,389,000 after buying an additional 1,835 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in D.R. Horton by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company’s stock worth $1,042,000 after buying an additional 198 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Bank of America reduced their target price on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 BTIG Research dropped their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wedbush reissued a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $151.15.

D.R. Horton Price Performance

Shares of DHI opened at $124.80 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a fifty day moving average price of $126.18 and a 200 day moving average price of $146.07. The company has a market cap of $39.33 billion, a P/E ratio of 8.82, a PEG ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same quarter last year, the company posted $3.52 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, May 2nd. D.R. Horton’s dividend payout ratio is currently 12.11%.

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.