Edgestream Partners L.P. Grows Position in D.R. Horton, Inc. (NYSE:DHI)

Edgestream Partners L.P. boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1,710.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,587 shares of the construction company's stock after acquiring an additional 101,643 shares during the period. D.R. Horton accounts for about 0.5% of Edgestream Partners L.P.'s investment portfolio, making the stock its 11th largest position. Edgestream Partners L.P.'s holdings in D.R. Horton were worth $13,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Nemes Rush Group LLC raised its position in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the first quarter valued at approximately $26,000. Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $43,000. Oarsman Capital Inc. raised its position in shares of D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after buying an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $54,000. Institutional investors own 90.63% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DHI has been the topic of several research reports. Royal Bank Of Canada reduced their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Bank of America reduced their price target on shares of 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 price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods reduced their price target 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. Finally, BTIG Research reduced their price target on shares of 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Trading Up 1.2%

Shares of DHI traded up $1.58 during trading hours on Wednesday, reaching $131.40. 5,593,126 shares of the company traded hands, compared to its average volume of 3,182,973. The firm has a market cap of $40.36 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 4.25 and a beta of 1.38. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The stock's fifty day moving average price is $125.49 and its 200 day moving average price is $129.12.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period in the prior year, the firm posted $3.52 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 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.