Wealthfront Advisers LLC Raises Position in D.R. Horton, Inc. (NYSE:DHI)

Wealthfront Advisers LLC increased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 83,435 shares of the construction company's stock after purchasing an additional 4,832 shares during the period. Wealthfront Advisers LLC's holdings in D.R. Horton were worth $10,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its stake in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock valued at $1,009,077,000 after acquiring an additional 127,606 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton during the 4th quarter valued at approximately $593,363,000. Franklin Resources Inc. raised its stake in D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in D.R. Horton by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock valued at $485,984,000 after acquiring an additional 72,161 shares during the last quarter. Finally, Northern Trust Corp raised its stake in D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after acquiring an additional 460,804 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on DHI shares. Wells Fargo & Company reduced their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price objective 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. Barclays reduced their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Bank of America dropped their target price on 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, BTIG Research dropped their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Price Performance

Shares of DHI traded down $1.10 on Friday, reaching $130.55. The stock had a trading volume of 948,798 shares, compared to its average volume of 3,173,049. The firm has a market capitalization of $40.10 billion, a PE ratio of 9.89, a PEG ratio of 4.11 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $125.81 and a 200 day moving average of $129.08. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. During the same quarter in the prior year, the company earned $3.52 EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

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.