Brown Advisory Inc. Purchases 749 Shares of D.R. Horton, Inc. (NYSE:DHI)

Brown Advisory Inc. lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,111 shares of the construction company’s stock after purchasing an additional 749 shares during the quarter. Brown Advisory Inc.’s holdings in D.R. Horton were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the first quarter valued at approximately $26,000. Nemes Rush Group LLC raised its stake in D.R. Horton by 74.5% during the fourth 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 during the last quarter. Itau Unibanco Holding S.A. purchased a new position in D.R. Horton during the fourth quarter valued at $43,000. Oarsman Capital Inc. raised its stake in D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock valued at $46,000 after buying an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in D.R. Horton during the fourth quarter valued at $54,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price objective on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. BTIG Research lowered their price objective on D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research note 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. Wells Fargo & Company lowered their price objective on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Bank of America decreased their price target on 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, Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $151.15.

D.R. Horton Stock Performance

NYSE:DHI opened at $136.07 on Tuesday. The stock has a 50-day simple moving average of $125.33 and a two-hundred day simple moving average of $129.12. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The firm has a market capitalization of $41.80 billion, a PE ratio of 10.30, a P/E/G ratio of 4.27 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly 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 net margin of 12.15% and a return on equity of 16.95%. 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 firm posted $3.52 EPS. Analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s dividend payout ratio (DPR) is 12.11%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the company’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares of the company’s stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

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.