Vest Financial LLC Increases Stake in D.R. Horton, Inc. (NYSE:DHI)

Vest Financial LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 244,006 shares of the construction company's stock after acquiring an additional 10,818 shares during the period. Vest Financial LLC owned approximately 0.08% of D.R. Horton worth $31,020,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of D.R. Horton by 5.5% during the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after acquiring an additional 82 shares during the last quarter. Nemes Rush Group LLC increased its position in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares during the period. Azzad Asset Management Inc. ADV increased its position in shares of D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after acquiring an additional 89 shares during the period. Horizon Investments LLC increased its position in shares of D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after acquiring an additional 91 shares during the period. Finally, Bfsg LLC increased its position in shares of D.R. Horton by 24.4% in the fourth quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after acquiring an additional 95 shares during the period. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America cut their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wells Fargo & Company cut their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Barclays cut their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada cut their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Performance

Shares of DHI traded down $1.96 during mid-day trading on Friday, hitting $120.78. 2,338,182 shares of the company traded hands, compared to its average volume of 3,035,196. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a 50-day moving average price of $122.01 and a two-hundred day moving average price of $134.16. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The stock has a market cap of $37.10 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.54 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS 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 business had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same period in the prior year, the company posted $3.52 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. D.R. Horton's dividend payout ratio is currently 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.