GeoWealth Management LLC Acquires 827 Shares of D.R. Horton, Inc. (NYSE:DHI)

GeoWealth Management LLC boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,575 shares of the construction company’s stock after purchasing an additional 827 shares during the quarter. GeoWealth Management LLC’s holdings in D.R. Horton were worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of D.R. Horton by 7.3% in the 3rd 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 acquired a new position in D.R. Horton in the third quarter valued at $2,466,000. Virtu Financial LLC bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $2,942,000. Morse Asset Management Inc raised its stake in D.R. Horton by 11.5% during the 3rd quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company’s stock worth $3,389,000 after buying an additional 1,835 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in 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 period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 3.2 %

Shares of 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’s 50-day moving average price is $126.41 and its 200-day moving average price is $146.97. The stock has a market capitalization of $38.22 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period last year, the firm earned $3.52 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Bank of America dropped their price target on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday. Softer demand and elevated incentives impacting outlook through H2 2025 The Goldman Sachs Group reduced their price objective on shares of 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. UBS Group lowered their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned 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, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $162.92.

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.