D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Archer Investment Corp

Archer Investment Corp increased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4,950.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,020 shares of the construction company's stock after buying an additional 1,980 shares during the quarter. Archer Investment Corp's holdings in D.R. Horton were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. 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 buying an additional 127,606 shares during the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $593,363,000. Franklin Resources Inc. lifted its position in shares of D.R. Horton by 71.5% during the fourth 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in D.R. Horton by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock worth $485,984,000 after purchasing an additional 72,161 shares in 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 valued at $471,899,000 after buying an additional 460,804 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

D.R. Horton Stock Up 0.2%

DHI stock opened at $131.86 on Friday. The firm's 50-day moving average is $126.01 and its two-hundred day moving average is $129.03. The company has a market capitalization of $40.50 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 4.11 and a beta of 1.38. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. 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 (NYSE:DHI - Get Free Report) last announced its earnings results 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 firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period in the prior year, the business earned $3.52 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio is presently 12.11%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DHI shares. Wall Street Zen lowered D.R. Horton from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada cut their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Bank of America decreased their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, The Goldman Sachs Group cut their price target 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $151.15.

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.

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