Boothbay Fund Management LLC Cuts Stake in D.R. Horton, Inc. (NYSE:DHI)

Boothbay Fund Management LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 59.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,692 shares of the construction company's stock after selling 9,636 shares during the period. Boothbay Fund Management LLC's holdings in D.R. Horton were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Nemes Rush Group LLC grew its holdings 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 valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in D.R. Horton during the 4th quarter worth approximately $38,000. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $43,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JMP Securities cut their price target 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. 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. Keefe, Bruyette & Woods dropped their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Bank of America dropped 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 Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Trading Up 1.3 %

DHI traded up $1.68 during trading on Friday, reaching $127.23. The company had a trading volume of 2,469,150 shares, compared to its average volume of 2,953,569. 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, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The stock has a market cap of $39.08 billion, a P/E ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.61. The business has a 50 day simple moving average of $125.66 and a 200-day simple moving average of $142.70.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results 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). 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 analysts' expectations of $8.07 billion. During the same quarter last year, the firm earned $3.52 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton's payout ratio is presently 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.