D.R. Horton, Inc. (NYSE:DHI) Position Raised by Twinbeech Capital LP

Twinbeech Capital LP increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 160.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,621 shares of the construction company's stock after purchasing an additional 109,406 shares during the period. Twinbeech Capital LP owned 0.06% of D.R. Horton worth $24,835,000 at the end of the most recent quarter.

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

D.R. Horton Price Performance

DHI opened at $125.68 on Monday. The stock has a fifty day moving average of $124.52 and a 200-day moving average of $138.51. The firm has a market capitalization of $38.60 billion, a P/E ratio of 8.88, a PEG ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. 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 announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter in the prior year, the business posted $3.52 earnings per share. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton's dividend payout ratio is 12.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DHI shares. Bank of America cut their price objective on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 The Goldman Sachs Group cut their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. JMP Securities cut 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 report on Monday, April 21st. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, BTIG Research cut their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton 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.

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