Jacobs Levy Equity Management Inc. Grows Stake in D.R. Horton, Inc. (NYSE:DHI)

Jacobs Levy Equity Management Inc. raised its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 928.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,460 shares of the construction company's stock after buying an additional 27,499 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in D.R. Horton were worth $4,259,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DHI. Golden State Equity Partners lifted its holdings in D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after purchasing an additional 3,171 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after purchasing an additional 2,767 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in D.R. Horton by 15.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company's stock worth $2,086,000 after purchasing an additional 2,003 shares in the last quarter. Swedbank AB lifted its holdings in D.R. Horton by 27.0% during the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company's stock worth $59,709,000 after purchasing an additional 90,776 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in D.R. Horton by 82.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company's stock worth $36,306,000 after acquiring an additional 119,392 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on DHI. JPMorgan Chase & Co. decreased their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. BTIG Research decreased their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note 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. Barclays decreased their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Royal Bank of Canada decreased their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Finally, Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $0.13 during trading on Tuesday, hitting $124.80. 376,577 shares of the stock traded hands, compared to its average volume of 2,963,126. The stock has a market cap of $38.34 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The firm's fifty day moving average is $124.44 and its 200-day moving average is $138.21. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate 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 prior year, the company earned $3.52 earnings per share. Research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio is presently 12.11%.

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.