Benjamin Edwards Inc. Acquires 6,648 Shares of D.R. Horton, Inc. (NYSE:DHI)

Benjamin Edwards Inc. increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,495 shares of the construction company’s stock after purchasing an additional 6,648 shares during the period. Benjamin Edwards Inc.’s holdings in D.R. Horton were worth $6,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after buying an additional 82 shares in the last quarter. Nemes Rush Group LLC raised its stake in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after acquiring an additional 84 shares during the period. Horizon Investments LLC boosted its stake in shares of D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after purchasing an additional 91 shares in the last quarter. Finally, Bfsg LLC grew its holdings in shares of D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company’s stock worth $68,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.3 %

Shares of NYSE:DHI opened at $125.67 on Tuesday. The company has a 50 day moving average of $125.60 and a 200-day moving average of $141.88. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock has a market cap of $38.60 billion, a price-to-earnings ratio of 8.88, a P/E/G 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.

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 net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the previous year, the firm posted $3.52 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, May 2nd. D.R. Horton’s dividend payout ratio (DPR) is currently 12.11%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group decreased their price target on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Bank of America cut their price objective on 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 JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a research note on Monday, April 21st. Finally, Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.