D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 265.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,565 shares of the construction company's stock after purchasing an additional 4,044 shares during the period. Pallas Capital Advisors LLC's holdings in D.R. Horton were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP grew its position in D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after buying an additional 82 shares during the period. Nemes Rush Group LLC grew its position in 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 period. Azzad Asset Management Inc. ADV grew its position in D.R. Horton by 1.0% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after buying an additional 89 shares during the period. Horizon Investments LLC grew its position in D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after buying an additional 91 shares during the period. Finally, Bfsg LLC grew its position in D.R. Horton by 24.4% during the fourth quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $3.25 during midday trading on Friday, hitting $122.99. The company's stock had a trading volume of 3,201,222 shares, compared to its average volume of 3,052,127. The business's 50 day simple moving average is $122.20 and its 200 day simple moving average is $132.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market cap of $37.78 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the prior year, the business posted $3.52 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. Royal Bank of Canada dropped 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 dropped 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 Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. BTIG Research decreased their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock 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, Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $151.15.

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.