Sunbelt Securities Inc. Acquires 3,619 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sunbelt Securities Inc. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 110.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,885 shares of the construction company's stock after purchasing an additional 3,619 shares during the quarter. Sunbelt Securities Inc.'s holdings in D.R. Horton were worth $961,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DHI. Nemes Rush Group LLC increased its holdings in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the 4th quarter valued at $38,000. Sierra Ocean LLC acquired a new position in D.R. Horton in the 4th quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. acquired a new position in D.R. Horton in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DHI shares. The Goldman Sachs Group decreased their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Bank of America cut their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Royal Bank of Canada cut their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their target price 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. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Trading Up 2.3%

D.R. Horton stock traded up $2.76 during trading hours on Tuesday, hitting $121.41. The stock had a trading volume of 2,683,189 shares, compared to its average volume of 2,993,001. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $37.29 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The business's 50 day simple moving average is $123.66 and its 200-day simple moving average is $136.47.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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 company had revenue of $7.73 billion during 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 period in the previous year, the company posted $3.52 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. D.R. Horton's payout ratio is 12.11%.

D.R. Horton 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.