MQS Management LLC Makes New $1.13 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

MQS Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,906 shares of the construction company's stock, valued at approximately $1,132,000. D.R. Horton accounts for about 0.6% of MQS Management LLC's portfolio, making the stock its 6th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the business. Nemes Rush Group LLC raised its stake in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares in the last quarter. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton in the 1st quarter worth $26,000. Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the 4th quarter worth $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 worth $46,000 after purchasing an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of D.R. Horton during the fourth quarter worth $54,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Down 0.6%

NYSE DHI traded down $0.76 during trading on Monday, hitting $136.07. 3,243,891 shares of the company traded hands, compared to its average volume of 3,163,513. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The business has a fifty day simple moving average of $125.12 and a 200 day simple moving average of $129.15. The company has a market capitalization of $41.80 billion, a P/E ratio of 10.30, a PEG ratio of 4.27 and a beta of 1.38. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the business posted $3.52 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. D.R. Horton's payout ratio is presently 12.11%.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on 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. Barclays cut their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group cut their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen lowered D.R. Horton from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Bank of America cut their target price 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 Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus target price of $151.15.

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.