D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Retirement Guys Formula LLC

Retirement Guys Formula LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 42.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,143 shares of the construction company’s stock after acquiring an additional 3,647 shares during the period. Retirement Guys Formula LLC’s holdings in D.R. Horton were worth $1,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nemes Rush Group LLC boosted its position in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in D.R. Horton during the fourth quarter worth approximately $38,000. Itau Unibanco Holding S.A. bought a new stake in D.R. Horton during the fourth quarter worth approximately $43,000. Oarsman Capital Inc. grew its position in D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock worth $46,000 after buying an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of D.R. Horton in the fourth quarter valued at $54,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DHI shares. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Royal Bank Of Canada decreased their price target on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. BTIG Research cut their price objective on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock 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, The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $151.15.

D.R. Horton Stock Up 3.7%

DHI stock opened at $128.83 on Tuesday. The company has a 50 day moving average of $122.66 and a two-hundred day moving average of $130.52. The company has a market cap of $39.57 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 3.88 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm 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 16.95% and a net margin of 12.15%. During the same quarter in the prior year, the business 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 company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. 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.