Algert Global LLC Buys 3,824 Shares of D.R. Horton, Inc. (NYSE:DHI)

Algert Global LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,895 shares of the construction company's stock after acquiring an additional 3,824 shares during the period. Algert Global LLC's holdings in D.R. Horton were worth $3,760,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DHI. Principal Financial Group Inc. lifted its holdings in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after buying an additional 120,892 shares during the period. World Investment Advisors LLC purchased a new stake in D.R. Horton in the third quarter worth $560,000. Nordea Investment Management AB boosted its holdings in D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock valued at $57,255,000 after acquiring an additional 215,947 shares in the last quarter. Pensionfund Sabic increased its position in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after purchasing an additional 4,000 shares during the period. Finally, CWA Asset Management Group LLC raised its holdings in D.R. Horton by 1.7% in the 4th quarter. CWA Asset Management Group LLC now owns 9,105 shares of the construction company's stock worth $1,273,000 after purchasing an additional 150 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DHI. JPMorgan Chase & Co. reduced their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group reduced their target price on shares of 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. Barclays lowered their price target 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. 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 note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, Royal Bank of Canada dropped their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Performance

D.R. Horton stock traded down $1.83 during midday trading on Friday, reaching $122.01. 3,956,080 shares of the company traded hands, compared to its average volume of 2,961,811. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. 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 50 day moving average of $125.33 and a two-hundred day moving average of $140.78. The firm has a market capitalization of $37.48 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the business earned $3.52 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. D.R. Horton's dividend payout ratio is currently 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.