FNY Investment Advisers LLC Acquires Shares of 3,000 D.R. Horton, Inc. (NYSE:DHI)

FNY Investment Advisers LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,000 shares of the construction company's stock, valued at approximately $381,000.

Other large investors have also bought and sold shares of the company. Avestar Capital LLC boosted its position in D.R. Horton by 37.2% in the 4th quarter. Avestar Capital LLC now owns 1,648 shares of the construction company's stock valued at $230,000 after buying an additional 447 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of D.R. Horton by 52.9% in the 4th quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company's stock valued at $2,319,000 after purchasing an additional 5,736 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of D.R. Horton by 6.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,796 shares of the construction company's stock valued at $531,000 after purchasing an additional 229 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of D.R. Horton by 4.8% in the 4th quarter. Principal Securities Inc. now owns 11,215 shares of the construction company's stock valued at $1,568,000 after purchasing an additional 515 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHI. The Goldman Sachs Group cut their price target on 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. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Bank of America dropped their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, BTIG Research decreased their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $3.74 during midday trading on Tuesday, reaching $119.91. The company's stock had a trading volume of 3,847,659 shares, compared to its average volume of 3,059,379. 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. The business's 50 day moving average price is $122.37 and its two-hundred day moving average price is $131.90. The company has a market cap of $36.83 billion, a P/E ratio of 9.08, a P/E/G ratio of 3.86 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The business 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 firm posted $3.52 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders 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 1.33%. D.R. Horton's payout ratio is 12.11%.

D.R. Horton 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.