UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 476,816 Shares of D.R. Horton, Inc. (NYSE:DHI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in D.R. Horton, Inc. (NYSE:DHI) by 21.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,677,100 shares of the construction company’s stock after acquiring an additional 476,816 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.85% of D.R. Horton worth $374,312,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after purchasing an additional 127,606 shares during the period. Norges Bank bought a new stake in D.R. Horton during the fourth quarter valued at about $593,363,000. Franklin Resources Inc. grew its holdings in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after purchasing an additional 1,490,648 shares during the period. Dimensional Fund Advisors LP grew its holdings in D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock valued at $485,984,000 after purchasing an additional 72,161 shares during the period. Finally, Northern Trust Corp grew its holdings in D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after purchasing an additional 460,804 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $122.57 on Wednesday. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a fifty day moving average of $124.39 and a 200 day moving average of $138.11. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the previous year, the business posted $3.52 EPS. As a group, research analysts expect 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 was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. D.R. Horton’s payout ratio is currently 12.11%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHI. BTIG Research lowered their price objective on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research 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. Keefe, Bruyette & Woods lowered their price objective on 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. Bank of America lowered their price objective on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wells Fargo & Company lowered their price objective on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $151.15.

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.