Merit Financial Group LLC Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Merit Financial Group LLC grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 99.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,398 shares of the construction company's stock after purchasing an additional 3,186 shares during the period. Merit Financial Group LLC's holdings in D.R. Horton were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DHI. Nemes Rush Group LLC boosted its stake in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $38,000. Sierra Ocean LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Up 3.5%

DHI stock traded up $4.32 during midday trading on Tuesday, hitting $126.97. The company's stock had a trading volume of 3,507,797 shares, compared to its average volume of 3,040,249. The firm has a 50-day simple moving average of $121.90 and a 200-day simple moving average of $133.48. The firm has a market capitalization of $39.00 billion, a P/E ratio of 8.97, a PEG ratio of 0.54 and a beta of 1.37. 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, Inc. has a 52-week low of $110.44 and a 52-week 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 (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the previous year, the business posted $3.52 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton's payout ratio is 12.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DHI shares. The Goldman Sachs Group lowered their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Barclays dropped their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Bank of America lowered their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average price target 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.