Allspring Global Investments Holdings LLC Has $252.48 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Allspring Global Investments Holdings LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 652.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,981,609 shares of the construction company's stock after buying an additional 1,718,094 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.63% of D.R. Horton worth $252,477,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC grew its position 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 buying an additional 82 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton during the fourth quarter worth about $38,000. Itau Unibanco Holding S.A. acquired a new stake in D.R. Horton during the fourth quarter worth about $43,000. Oarsman Capital Inc. grew its position in D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after buying an additional 198 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in D.R. Horton during the fourth quarter worth about $54,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $1.62 during midday trading on Friday, reaching $128.77. The company had a trading volume of 4,089,538 shares, compared to its average volume of 3,104,520. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $39.56 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 4.02 and a beta of 1.37. The stock has a fifty day simple moving average of $123.32 and a 200 day simple moving average of $129.90. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period in the prior year, the business earned $3.52 EPS. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director now owns 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DHI shares. JMP Securities cut their price target on shares of 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. BTIG Research cut 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 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. Royal Bank Of Canada cut their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods cut their target price on shares of 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. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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. According to data from MarketBeat, the company presently 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.