Xponance Inc. Increases Stake in D.R. Horton, Inc. (NYSE:DHI)

Xponance Inc. boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,764 shares of the construction company's stock after buying an additional 5,233 shares during the period. Xponance Inc.'s holdings in D.R. Horton were worth $5,691,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Olde Wealth Management LLC purchased a new position in D.R. Horton during the 1st quarter valued at about $26,000. Nemes Rush Group LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 82 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $43,000. Oarsman Capital Inc. grew its stake in shares of D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after buying an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in D.R. Horton during the 4th quarter valued at approximately $54,000. 90.63% of the stock is owned by institutional investors.

Insider Transactions at D.R. Horton

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

D.R. Horton Price Performance

Shares of DHI opened at $136.79 on Friday. The firm has a fifty day simple moving average of $125.12 and a two-hundred day simple moving average of $129.23. The firm has a market cap of $42.02 billion, a PE ratio of 10.36, a P/E/G ratio of 4.27 and a beta of 1.38. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data 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 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the company posted $3.52 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

Analyst Ratings Changes

DHI has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, April 14th. BTIG Research cut 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 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. The Goldman Sachs Group decreased their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JMP Securities cut their price target 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, Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average target price 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.

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