D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 153.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,290 shares of the construction company's stock after acquiring an additional 319,650 shares during the period. Voloridge Investment Management LLC owned 0.17% of D.R. Horton worth $73,726,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Nemes Rush Group LLC increased its holdings in 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 purchasing an additional 82 shares during the period. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $43,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in D.R. Horton in the fourth quarter worth about $43,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research reports. 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 report on Monday, April 14th. 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 research note 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. Bank of America reduced their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JPMorgan Chase & Co. dropped their target price 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. Finally, Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Down 0.1%

DHI stock traded down $0.17 on Monday, hitting $118.73. 2,448,395 shares of the company's stock were exchanged, compared to its average volume of 2,994,244. The firm has a 50 day moving average price of $123.90 and a two-hundred day moving average price of $136.82. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The stock has a market cap of $36.47 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

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). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the business posted $3.52 EPS. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, May 2nd. 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.