Caxton Associates LP Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Caxton Associates LP raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 243.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,261 shares of the construction company’s stock after buying an additional 3,729 shares during the quarter. Caxton Associates LP’s holdings in D.R. Horton were worth $736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin Edwards Inc. increased its holdings in D.R. Horton by 16.3% during the 4th quarter. Benjamin Edwards Inc. now owns 47,495 shares of the construction company’s stock worth $6,642,000 after acquiring an additional 6,648 shares during the period. Algert Global LLC increased its holdings in shares of D.R. Horton by 16.6% in the fourth quarter. Algert Global LLC now owns 26,895 shares of the construction company’s stock worth $3,760,000 after purchasing an additional 3,824 shares during the period. Alteri Wealth LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth $269,000. Aptus Capital Advisors LLC boosted its stake in D.R. Horton by 3.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company’s stock valued at $446,000 after buying an additional 98 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in D.R. Horton during the fourth quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $121.84 on Wednesday. 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, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The firm has a market cap of $37.43 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The business has a 50 day moving average price of $125.51 and a 200-day moving average price of $141.74.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $3.52 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, May 2nd. D.R. Horton’s payout ratio is 12.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DHI. Wells Fargo & Company dropped their price target on 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. JPMorgan Chase & Co. dropped their target price on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. BTIG Research dropped their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a report 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. Finally, Bank of America reduced their target price on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $151.15.

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.