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

Key Points

• Jefferies Financial Group Inc. increased its stake in D.R. Horton, Inc. by 404.2% during the first quarter, holding a total of 10,230 shares worth approximately $1.3 million.
• D.R. Horton reported an earnings per share of $3.36 for the last quarter, exceeding expectations of $2.90, despite a 7.4% year-over-year revenue decline.
• The company has announced a quarterly dividend of $0.40 per share, translating to an annualized dividend yield of 1.0%, with the ex-dividend date set for August 7th.

Jefferies Financial Group Inc. increased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 404.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,230 shares of the construction company's stock after acquiring an additional 8,201 shares during the period. Jefferies Financial Group Inc.'s holdings in D.R. Horton were worth $1,301,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DHI. Azzad Asset Management Inc. ADV grew its position in shares of D.R. Horton by 1.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 89 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of D.R. Horton by 2.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after acquiring an additional 98 shares during the last quarter. Continuum Advisory LLC grew its position in shares of D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after buying an additional 100 shares during the last quarter. Finally, Unison Advisors LLC raised its holdings in D.R. Horton by 0.3% in the 1st quarter. Unison Advisors LLC now owns 38,719 shares of the construction company's stock worth $4,922,000 after purchasing an additional 103 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

DHI stock traded down $0.74 during mid-day trading on Wednesday, reaching $154.09. The company's stock had a trading volume of 3,354,536 shares, compared to its average volume of 3,811,139. The company's 50 day moving average is $131.88 and its two-hundred day moving average is $129.43. The stock has a market cap of $45.94 billion, a PE ratio of 12.36, a P/E/G ratio of 3.26 and a beta of 1.34. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. 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 posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.10 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction 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 directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. The Goldman Sachs Group decreased their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Royal Bank Of Canada upped their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Finally, Bank of America cut their price objective on 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 issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $153.23.

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.