Eastover Investment Advisors LLC Invests $6.18 Million in D.R. Horton, Inc. (NYSE:DHI)

Eastover Investment Advisors LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,605 shares of the construction company's stock, valued at approximately $6,179,000. D.R. Horton accounts for approximately 3.0% of Eastover Investment Advisors LLC's holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in D.R. Horton by 64.3% during the fourth quarter. Pacer Advisors Inc. now owns 35,747 shares of the construction company's stock worth $4,998,000 after buying an additional 13,993 shares in the last quarter. Foundations Investment Advisors LLC grew its position in D.R. Horton by 10.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,416 shares of the construction company's stock worth $617,000 after buying an additional 401 shares in the last quarter. Swedbank AB grew its position in D.R. Horton by 27.0% during the fourth quarter. Swedbank AB now owns 427,045 shares of the construction company's stock worth $59,709,000 after buying an additional 90,776 shares in the last quarter. Westhampton Capital LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $210,000. Finally, Mediolanum International Funds Ltd grew its position in D.R. Horton by 11.7% during the fourth quarter. Mediolanum International Funds Ltd now owns 72,756 shares of the construction company's stock worth $10,129,000 after buying an additional 7,599 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Up 0.9%

NYSE:DHI traded up $1.09 during trading hours on Tuesday, hitting $117.98. 1,494,808 shares of the company were exchanged, compared to its average volume of 3,011,596. The stock has a market capitalization of $36.24 billion, a price-to-earnings ratio of 8.34, 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 one year low of $110.44 and a one year high of $199.85. The company has a fifty day simple moving average of $122.51 and a 200 day simple moving average of $134.90.

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 (EPS) 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 the consensus estimate 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 earned $3.52 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DHI. Bank of America reduced their price target 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 Wells Fargo & Company reduced their target price 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. Keefe, Bruyette & Woods reduced their target price 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. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group reduced their target price 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.