Royal Bank of Canada Has $117.24 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Royal Bank of Canada raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 838,480 shares of the construction company's stock after purchasing an additional 393,481 shares during the period. Royal Bank of Canada owned 0.27% of D.R. Horton worth $117,235,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DHI. Nemes Rush Group LLC grew its stake in 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 buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the fourth 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 about $38,000. Sierra Ocean LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $43,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton during the 4th quarter worth about $43,000. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DHI. The Goldman Sachs Group decreased their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Bank of America decreased 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 Finally, Barclays cut their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Trading Up 1.9%

DHI stock opened at $125.68 on Monday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $124.52 and its 200-day moving average is $138.51. The firm has a market cap of $38.60 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results 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 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the company earned $3.52 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

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.

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