Worldquant Millennium Advisors LLC Acquires 268,651 Shares of D.R. Horton, Inc. (NYSE:DHI)

Worldquant Millennium Advisors LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1,246.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 290,209 shares of the construction company's stock after acquiring an additional 268,651 shares during the period. Worldquant Millennium Advisors LLC owned about 0.09% of D.R. Horton worth $40,577,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Merit Financial Group LLC raised its position in D.R. Horton by 110.5% in the fourth quarter. Merit Financial Group LLC now owns 3,212 shares of the construction company's stock valued at $449,000 after purchasing an additional 1,686 shares during the last quarter. HB Wealth Management LLC boosted its position in D.R. Horton by 2.8% during the 4th quarter. HB Wealth Management LLC now owns 10,424 shares of the construction company's stock worth $1,458,000 after buying an additional 280 shares during the period. Harbor Investment Advisory LLC grew its holdings in D.R. Horton by 11.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,743 shares of the construction company's stock worth $384,000 after acquiring an additional 271 shares during the last quarter. Atwood & Palmer Inc. increased its position in D.R. Horton by 1.0% in the 4th quarter. Atwood & Palmer Inc. now owns 231,410 shares of the construction company's stock valued at $32,356,000 after acquiring an additional 2,222 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of D.R. Horton by 73.1% during the fourth quarter. Ballentine Partners LLC now owns 6,946 shares of the construction company's stock worth $971,000 after purchasing an additional 2,934 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Down 0.1%

DHI stock traded down $0.17 during mid-day trading on Monday, reaching $118.73. 2,448,395 shares of the company traded hands, compared to its average volume of 2,994,244. 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 firm's 50 day moving average price is $123.90 and its 200 day moving average price is $136.82. The stock has a market cap of $36.47 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same period in the previous year, the firm earned $3.52 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued 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 1.35%. D.R. Horton's dividend payout ratio is currently 12.11%.

Analysts Set New Price Targets

Several brokerages have commented on DHI. The Goldman Sachs Group cut their target price 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 dropped 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 report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company dropped their price target on 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Company 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.