Jacobs Levy Equity Management Inc. Acquires 39,060 Shares of D.R. Horton, Inc. $DHI

Jacobs Levy Equity Management Inc. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 128.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,520 shares of the construction company's stock after acquiring an additional 39,060 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in D.R. Horton were worth $8,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DHI. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $26,000. Bayforest Capital Ltd raised its holdings in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $34,000. Alpine Bank Wealth Management bought a new position in D.R. Horton during the first quarter valued at about $61,000. Finally, Continuum Advisory LLC raised its holdings in D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after buying an additional 100 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the transaction, the director owned 1,193 shares of the company's stock, valued at $215,622.82. This trade represents a 45.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,526 shares of company stock valued at $6,173,403. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

DHI stock traded down $3.15 during trading on Friday, reaching $177.86. 2,368,958 shares of the stock were exchanged, compared to its average volume of 3,510,389. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a market capitalization of $53.02 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 3.84 and a beta of 1.36. The stock has a 50 day simple moving average of $156.28 and a 200-day simple moving average of $135.74. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the business earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's payout ratio is presently 12.83%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wedbush raised their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Keefe, Bruyette & Woods raised their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $154.38.

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.