D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Park National Corp OH

Park National Corp OH raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 247,656 shares of the construction company's stock after acquiring an additional 34,841 shares during the quarter. D.R. Horton makes up 1.2% of Park National Corp OH's investment portfolio, making the stock its 27th biggest holding. Park National Corp OH owned about 0.08% of D.R. Horton worth $31,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nemes Rush Group LLC boosted its position 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 valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $38,000. Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of DHI stock traded down $0.32 during midday trading on Friday, reaching $117.95. 4,305,130 shares of the company traded hands, compared to its average volume of 3,019,152. The firm's 50 day simple moving average is $122.76 and its two-hundred day simple moving average is $135.59. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market cap of $36.23 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the previous year, the business posted $3.52 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is currently 12.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DHI shares. Barclays decreased their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Bank of America reduced their target price on shares of 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 assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Company 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.