Investment Management Corp of Ontario Purchases 386 Shares of D.R. Horton, Inc. (NYSE:DHI)

Investment Management Corp of Ontario raised its position in D.R. Horton, Inc. (NYSE:DHI) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,245 shares of the construction company’s stock after buying an additional 386 shares during the quarter. Investment Management Corp of Ontario’s holdings in D.R. Horton were worth $1,432,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DHI. Golden State Equity Partners increased its position in shares of D.R. Horton by 435.6% during the fourth 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 period. Park Avenue Securities LLC grew its holdings in shares of D.R. Horton by 10.9% during the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock worth $3,923,000 after purchasing an additional 2,767 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of D.R. Horton by 15.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company’s stock worth $2,086,000 after purchasing an additional 2,003 shares in the last quarter. Swedbank AB grew its holdings in shares of D.R. Horton by 27.0% during the fourth 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings 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 in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent analyst reports. Royal Bank of Canada cut their price objective on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Bank of America dropped their target price on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wells Fargo & Company dropped their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods lowered their price objective on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $151.15.

D.R. Horton Trading Down 1.5%

NYSE:DHI opened at $122.01 on Monday. The company’s 50 day moving average price is $125.33 and its 200-day moving average price is $140.21. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $37.48 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI) last posted 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). 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 during the quarter, compared to the consensus estimate of $8.07 billion. During the same period last year, the firm posted $3.52 EPS. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s dividend payout ratio is presently 12.11%.

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.