Apella Capital LLC Purchases 2,678 Shares of D.R. Horton, Inc. (NYSE:DHI)

Apella Capital LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 47.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,360 shares of the construction company's stock after purchasing an additional 2,678 shares during the period. Apella Capital LLC's holdings in D.R. Horton were worth $1,013,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of D.R. Horton by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after acquiring an additional 127,606 shares during the last quarter. Norges Bank acquired a new position in D.R. Horton in the 4th quarter worth about $593,363,000. Franklin Resources Inc. raised its stake in shares of D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of D.R. Horton by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock valued at $485,984,000 after buying an additional 72,161 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in D.R. Horton by 15.8% in the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock worth $471,899,000 after buying an additional 460,804 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. Bank of America dropped their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JMP Securities lowered their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Barclays cut their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven 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.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Price Performance

DHI stock traded down $1.96 during trading on Friday, hitting $120.78. 2,338,182 shares of the stock traded hands, compared to its average volume of 3,029,359. The stock has a market cap of $37.10 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.54 and a beta of 1.37. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a 50 day simple moving average of $122.14 and a 200 day simple moving average of $134.45.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 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 business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the firm posted $3.52 EPS. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio is presently 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.