D.R. Horton, Inc. (NYSE:DHI) Stock Position Raised by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 36.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,255 shares of the construction company's stock after purchasing an additional 2,732 shares during the period. Tectonic Advisors LLC's holdings in D.R. Horton were worth $1,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 1st quarter worth about $26,000. Nemes Rush Group LLC raised its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton during the 4th quarter worth about $43,000. Oarsman Capital Inc. raised its stake in shares of D.R. Horton by 146.7% during the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after purchasing an additional 198 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of D.R. Horton during the 4th quarter valued at about $54,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

DHI opened at $129.81 on Wednesday. The firm has a market capitalization of $39.88 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 4.25 and a beta of 1.38. The stock's 50 day moving average price is $125.49 and its two-hundred day moving average price is $129.12. The company has a quick ratio of 1.15, a current ratio of 7.29 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 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the prior year, the business posted $3.52 EPS. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. D.R. Horton's dividend payout ratio is currently 12.11%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the firm'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 value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of analyst reports. BTIG Research lowered their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a 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. Keefe, Bruyette & Woods lowered their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Royal Bank Of Canada lowered their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. JMP Securities lowered their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Finally, Wells Fargo & Company lowered their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton presently 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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