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New Age Alpha Advisors LLC Raises Position in D.R. Horton, Inc. (NYSE:DHI)

D.R. Horton logo with Construction background

Key Points

  • New Age Alpha Advisors LLC significantly increased its stake in D.R. Horton by 895.0% during the first quarter, bringing its total holdings to 19,492 shares valued at approximately $2.48 million.
  • D.R. Horton reported earnings of $3.36 per share for the last quarter, exceeding analyst expectations of $2.90, although revenue declined by 7.4% year-over-year.
  • The company declared a quarterly dividend of $0.40 per share, with a dividend yield of 1.0% and a payout ratio of 12.83%.
  • Want stock alerts on D.R. Horton? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

New Age Alpha Advisors LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 895.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,492 shares of the construction company's stock after purchasing an additional 17,533 shares during the quarter. New Age Alpha Advisors LLC's holdings in D.R. Horton were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton in the first quarter worth approximately $26,000. Bayforest Capital Ltd raised its stake in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton in the fourth quarter worth approximately $43,000. Alpine Bank Wealth Management purchased a new stake in shares of D.R. Horton in the first quarter worth approximately $61,000. Finally, Continuum Advisory LLC raised its stake in shares of D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $2.46 during midday trading on Friday, reaching $156.35. 3,547,007 shares of the company traded hands, compared to its average volume of 4,761,154. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 3.26 and a beta of 1.34. The firm's fifty day moving average price is $134.10 and its two-hundred day moving average price is $129.73.

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 for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the firm earned $4.10 EPS. The company's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton's dividend payout ratio is currently 12.83%.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the 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 sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DHI shares. JMP Securities reduced their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. BTIG Research reduced their target price 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. Finally, Barclays reduced their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $153.23.

Read Our Latest Research Report on DHI

D.R. Horton Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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