JGP Wealth Management LLC Acquires Shares of 5,226 D.R. Horton, Inc. (NYSE:DHI)

JGP Wealth Management LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,226 shares of the construction company's stock, valued at approximately $664,000.

A number of other institutional investors have also modified their holdings of the business. Nemes Rush Group LLC grew its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new position in D.R. Horton in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the 4th quarter worth about $38,000. Sierra Ocean LLC bought a new position in D.R. Horton in the 4th quarter worth about $43,000. Finally, Itau Unibanco Holding S.A. bought a new position in D.R. Horton in the 4th quarter worth about $43,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 1.2%

Shares of NYSE:DHI traded up $1.43 during trading on Tuesday, hitting $118.32. 3,588,939 shares of the company's stock were exchanged, compared to its average volume of 3,024,128. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The firm has a 50-day moving average price of $122.51 and a two-hundred day moving average price of $134.90. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $36.35 billion, a P/E ratio of 8.36, a PEG ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly 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). The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same quarter in the prior year, the firm earned $3.52 EPS. Equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DHI. JPMorgan Chase & Co. decreased their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Bank of America decreased their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, BTIG Research reduced their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $151.15.

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.