CreativeOne Wealth LLC Has $646,000 Stake in D.R. Horton, Inc. (NYSE:DHI)

CreativeOne Wealth LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,621 shares of the construction company’s stock after buying an additional 725 shares during the quarter. CreativeOne Wealth LLC’s holdings in D.R. Horton were worth $646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Principal Financial Group Inc. raised its stake in D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares in the last quarter. Passumpsic Savings Bank bought a new position in D.R. Horton in the third quarter valued at approximately $2,466,000. Virtu Financial LLC acquired a new position in D.R. Horton during the third quarter valued at approximately $2,942,000. Morse Asset Management Inc boosted its holdings in shares of D.R. Horton by 11.5% in the 3rd quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company’s stock valued at $3,389,000 after purchasing an additional 1,835 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in shares of D.R. Horton by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company’s stock valued at $1,042,000 after purchasing an additional 198 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Up 3.2 %

NYSE:DHI opened at $121.29 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $38.22 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.54 and a beta of 1.61. The firm has a fifty day simple moving average of $126.41 and a two-hundred day simple moving average of $147.27.

D.R. Horton (NYSE:DHI) last posted 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). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the company posted $3.52 earnings per share. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research reports. BTIG Research dropped their target price on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday. 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 decreased 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 research note on Thursday. Softer demand and elevated incentives impacting outlook through H2 2025 UBS Group cut their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $162.21.

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.