Beese Fulmer Investment Management Inc. Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Beese Fulmer Investment Management Inc. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,511 shares of the construction company's stock after purchasing an additional 4,443 shares during the quarter. Beese Fulmer Investment Management Inc.'s holdings in D.R. Horton were worth $7,947,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DHI. Norges Bank bought a new stake in D.R. Horton during the fourth quarter valued at approximately $593,363,000. Franklin Resources Inc. boosted 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 acquiring an additional 1,490,648 shares during the last quarter. GAMMA Investing LLC grew its position in shares of D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after acquiring an additional 911,960 shares during the period. Two Sigma Investments LP increased its stake in shares of D.R. Horton by 1,838.0% in the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after purchasing an additional 832,358 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in D.R. Horton in the 4th quarter worth $98,720,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DHI shares. Royal Bank of Canada dropped 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 report on Monday, April 21st. JMP Securities lowered their price objective 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. Bank of America lowered 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 report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 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. Finally, Keefe, Bruyette & Woods cut their target price on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Up 4.2%

Shares of DHI stock traded up $4.95 on Wednesday, hitting $123.30. The stock had a trading volume of 1,817,165 shares, compared to its average volume of 3,019,679. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The business has a 50 day moving average price of $122.27 and a 200 day moving average price of $134.79. The company has a market cap of $37.88 billion, a PE ratio of 8.71, a P/E/G ratio of 0.54 and a beta of 1.45. 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 posted 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). 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 during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the prior year, the firm posted $3.52 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share 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. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.30%. D.R. Horton's dividend payout ratio (DPR) 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.