UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 476,816 Shares of D.R. Horton, Inc. (NYSE:DHI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,677,100 shares of the construction company's stock after purchasing an additional 476,816 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.85% of D.R. Horton worth $374,312,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Bank of America dropped their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 BTIG Research dropped 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. Royal Bank of Canada dropped their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. JMP Securities dropped their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Finally, Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Two equities research 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. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Down 0.1%

DHI stock traded down $0.17 during midday trading on Friday, hitting $118.73. The company's stock had a trading volume of 2,448,395 shares, compared to its average volume of 2,986,676. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company's fifty day moving average price is $123.90 and its 200 day moving average price is $137.24. The stock has a market capitalization of $36.47 billion, a P/E ratio of 8.39, a PEG ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $7.73 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $3.52 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. D.R. Horton's dividend payout ratio is presently 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.