Dupree Financial Group LLC Grows Position in D.R. Horton, Inc. (NYSE:DHI)

Dupree Financial Group LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 114.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,162 shares of the construction company's stock after buying an additional 21,964 shares during the period. D.R. Horton makes up about 2.1% of Dupree Financial Group LLC's portfolio, making the stock its 19th largest position. Dupree Financial Group LLC's holdings in D.R. Horton were worth $5,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth approximately $26,000. Nemes Rush Group LLC grew its position in 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 during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in D.R. Horton during the 4th quarter worth approximately $43,000. Oarsman Capital Inc. grew its position in 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 during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in D.R. Horton during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on DHI. Keefe, Bruyette & Woods dropped their target price 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. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group decreased their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Royal Bank Of Canada decreased their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Finally, Bank of America decreased their price objective on shares of 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 Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Stock Performance

Shares of DHI traded down $0.89 during trading hours on Monday, hitting $131.01. The stock had a trading volume of 3,086,693 shares, compared to its average volume of 3,129,206. The firm has a market capitalization of $40.24 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 4.12 and a beta of 1.38. The firm has a 50-day moving average price of $124.15 and a 200 day moving average price of $129.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analysts' expectations 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 previous year, the firm posted $3.52 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

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.