Apella Capital LLC Increases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Apella Capital LLC boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 47.1% during the 1st quarter, Holdings Channel reports. The firm owned 8,360 shares of the construction company’s stock after buying an additional 2,678 shares during the quarter. Apella Capital LLC’s holdings in D.R. Horton were worth $1,013,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Nemes Rush Group LLC raised its position in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $38,000. Sierra Ocean LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $43,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $123.64 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a market capitalization of $37.98 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.54 and a beta of 1.45. The company’s 50-day simple moving average is $122.23 and its two-hundred day simple moving average is $134.71. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its 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 the consensus estimate 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 quarter in the prior year, the company earned $3.52 earnings per share. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. D.R. Horton’s dividend payout ratio is currently 12.11%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Royal Bank of Canada cut their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Bank of America cut their price target 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 Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.