Eastover Investment Advisors LLC Buys Shares of 48,605 D.R. Horton, Inc. (NYSE:DHI)

Eastover Investment Advisors LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 48,605 shares of the construction company’s stock, valued at approximately $6,179,000. D.R. Horton accounts for about 3.0% of Eastover Investment Advisors LLC’s holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Boston Common Asset Management LLC lifted its stake in shares of D.R. Horton by 24.7% during the first quarter. Boston Common Asset Management LLC now owns 35,671 shares of the construction company’s stock worth $4,535,000 after buying an additional 7,059 shares during the period. Franchise Capital Ltd acquired a new stake in shares of D.R. Horton during the first quarter worth $69,000. Park National Corp OH lifted its stake in shares of D.R. Horton by 16.4% during the first quarter. Park National Corp OH now owns 247,656 shares of the construction company’s stock worth $31,485,000 after buying an additional 34,841 shares during the period. Fairtree Asset Management Pty Ltd acquired a new stake in shares of D.R. Horton during the fourth quarter worth $397,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in D.R. Horton by 13.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 621,285 shares of the construction company’s stock valued at $86,868,000 after purchasing an additional 73,373 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Bank of America decreased their target price on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wells Fargo & Company decreased their target price 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. JMP Securities decreased their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a research report on Monday, April 21st. Finally, Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Stock Up 0.6%

DHI opened at $118.14 on Friday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a fifty day moving average of $122.99 and a two-hundred day moving average of $135.90. The stock has a market capitalization of $36.29 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS 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 return on equity of 18.48% and a net margin of 12.69%. During the same period in the prior year, the firm earned $3.52 EPS. On average, 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 announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders 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 1.35%. D.R. Horton’s dividend payout ratio is currently 12.11%.

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.