Navigoe LLC Invests $144,000 in D.R. Horton, Inc. (NYSE:DHI)

Navigoe LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,033 shares of the construction company’s stock, valued at approximately $144,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kapitalo Investimentos Ltda acquired a new stake in D.R. Horton during the fourth quarter worth approximately $257,000. Voleon Capital Management LP purchased a new position in shares of D.R. Horton in the 4th quarter valued at $1,976,000. Schonfeld Strategic Advisors LLC grew its position in shares of D.R. Horton by 271.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 40,524 shares of the construction company’s stock valued at $5,666,000 after buying an additional 64,133 shares during the last quarter. AQR Capital Management LLC lifted its position in D.R. Horton by 9.9% in the fourth quarter. AQR Capital Management LLC now owns 249,784 shares of the construction company’s stock valued at $34,925,000 after acquiring an additional 22,417 shares during the last quarter. Finally, Northern Trust Corp lifted its position in D.R. Horton by 15.8% in the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after acquiring an additional 460,804 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHI. JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Monday, April 21st. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Bank of America decreased their price objective on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price target on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Three 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $151.15.

D.R. Horton Stock Down 0.3 %

DHI opened at $124.78 on Wednesday. The business has a 50 day simple moving average of $125.77 and a 200-day simple moving average of $144.01. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market capitalization of $38.33 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.54 and a beta of 1.61. 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 (NYSE:DHI) last issued 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). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter in the previous year, the firm posted $3.52 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

About D.R. Horton

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.