Focus Partners Wealth Has $4.57 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Focus Partners Wealth grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,697 shares of the construction company's stock after purchasing an additional 2,627 shares during the quarter. Focus Partners Wealth's holdings in D.R. Horton were worth $4,573,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Golden State Equity Partners boosted its position in D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after buying an additional 3,171 shares during the last quarter. Park Avenue Securities LLC grew its holdings in D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after acquiring an additional 2,767 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of D.R. Horton by 15.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company's stock valued at $2,086,000 after acquiring an additional 2,003 shares during the last quarter. Swedbank AB boosted its position in shares of D.R. Horton by 27.0% in the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company's stock worth $59,709,000 after purchasing an additional 90,776 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of D.R. Horton by 82.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company's stock worth $36,306,000 after purchasing an additional 119,392 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 1.9%

Shares of DHI stock traded up $2.29 during trading hours on Friday, hitting $125.68. 2,415,398 shares of the company's stock traded hands, compared to its average volume of 2,976,968. The stock has a market cap of $38.60 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The stock's 50 day simple moving average is $124.52 and its 200 day simple moving average is $138.72. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month 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 return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the business earned $3.52 earnings per share. On average, sell-side analysts anticipate 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. Investors of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is presently 12.11%.

Analysts Set New Price Targets

Several research firms have weighed in on DHI. JPMorgan Chase & Co. cut their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada decreased their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Bank of America lowered their target price 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 Finally, BTIG Research lowered their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $151.15.

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.