GAMMA Investing LLC Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

GAMMA Investing LLC increased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 19,102.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 916,734 shares of the construction company's stock after buying an additional 911,960 shares during the period. GAMMA Investing LLC owned about 0.29% of D.R. Horton worth $116,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of D.R. Horton during the fourth quarter worth $593,363,000. Franklin Resources Inc. increased 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 in the last quarter. Two Sigma Investments LP increased its position in shares of D.R. Horton by 1,838.0% during the fourth 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. Raymond James Financial Inc. acquired a new position in shares of D.R. Horton during the fourth quarter worth $98,720,000. Finally, Renaissance Technologies LLC increased its position in shares of D.R. Horton by 676.4% during the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock worth $105,779,000 after purchasing an additional 659,100 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI traded down $0.81 during midday trading on Thursday, hitting $122.72. 2,283,441 shares of the company were exchanged, compared to its average volume of 3,032,125. The company's 50 day simple moving average is $122.14 and its 200 day simple moving average is $134.45. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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 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 18.48% and a net margin of 12.69%. During the same period in the prior year, the business posted $3.52 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced 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 1.30%. The ex-dividend date was Friday, May 2nd. D.R. Horton's payout ratio is currently 12.11%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHI. The Goldman Sachs Group reduced their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. 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 report on Tuesday, April 22nd. BTIG Research cut their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock 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. Finally, Bank of America cut their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Company 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.