D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Townsend & Associates Inc

Townsend & Associates Inc boosted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 15.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,103 shares of the construction company's stock after acquiring an additional 13,816 shares during the quarter. Townsend & Associates Inc's holdings in D.R. Horton were worth $12,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC lifted its stake in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after buying an additional 89 shares during the period. Horizon Investments LLC lifted its position in D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after buying an additional 91 shares in the last quarter. Blair William & Co. IL grew its stake in D.R. Horton by 0.3% during the fourth quarter. Blair William & Co. IL now owns 36,782 shares of the construction company's stock worth $5,143,000 after buying an additional 95 shares during the period. Finally, Aptus Capital Advisors LLC increased its position in shares of D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Up 1.3%

Shares of NYSE:DHI opened at $128.77 on Monday. The firm has a market cap of $39.56 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 4.02 and a beta of 1.37. The company has a fifty day simple moving average of $123.32 and a 200 day simple moving average of $129.75. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

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 for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. During the same period in the prior year, the business earned $3.52 earnings per share. On average, equities research analysts anticipate 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. Shareholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is currently 12.11%.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director now directly owns 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America reduced their target price 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 Royal Bank Of Canada reduced their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods lowered their target price on 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. The Goldman Sachs Group dropped their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, JMP Securities decreased their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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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