Prescott Group Capital Management L.L.C. Acquires 1,937 Shares of D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Prescott Group Capital Management L.L.C. increased its holdings in D.R. Horton by 3.9%, now owning 51,397 shares valued at approximately $6.53 million.
• Recent research reports show mixed ratings for D.R. Horton, with Wells Fargo raising its price target to $175 while Barclays lowered it to $110, indicating varied analyst outlooks.
• D.R. Horton plans to pay a quarterly dividend of $0.40 per share, reflecting a 1.10% yield, as part of its annualized dividend of $1.60.

Prescott Group Capital Management L.L.C. grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 51,397 shares of the construction company's stock after purchasing an additional 1,937 shares during the period. D.R. Horton makes up about 0.9% of Prescott Group Capital Management L.L.C.'s portfolio, making the stock its 19th biggest position. Prescott Group Capital Management L.L.C.'s holdings in D.R. Horton were worth $6,534,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DHI. Olde Wealth Management LLC bought a new position in shares of D.R. Horton in the 1st quarter valued at $26,000. Nemes Rush Group LLC increased 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 valued at $27,000 after purchasing an additional 82 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of D.R. Horton in the 4th quarter valued at $43,000. Oarsman Capital Inc. increased its stake in shares of D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after purchasing an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in D.R. Horton during the 4th quarter worth $54,000. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday. Barclays reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday. Finally, Bank of America reduced their price objective 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 Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $153.23.

D.R. Horton Trading Down 2.2%

NYSE DHI opened at $144.89 on Friday. The business's 50-day moving average price is $127.61 and its two-hundred day moving average price is $129.17. 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 $44.51 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The business's revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.10 EPS. On average, analysts expect 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 will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

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.

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