Occudo Quantitative Strategies LP Purchases Shares of 3,001 D.R. Horton, Inc. (NYSE:DHI)

Occudo Quantitative Strategies LP purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,001 shares of the construction company’s stock, valued at approximately $420,000.

Several other institutional investors also recently modified their holdings of DHI. Norges Bank bought a new position in shares of D.R. Horton in the fourth quarter valued at $593,363,000. Franklin Resources Inc. increased its holdings in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after buying an additional 1,490,648 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of D.R. Horton in the fourth quarter valued at $98,720,000. Renaissance Technologies LLC increased its holdings in shares of D.R. Horton by 676.4% in the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company’s stock valued at $105,779,000 after buying an additional 659,100 shares in the last quarter. Finally, Amundi increased its holdings in shares of D.R. Horton by 69.1% in the fourth quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after buying an additional 555,122 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DHI. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Barclays cut 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 note on Monday, April 21st. Wells Fargo & Company cut their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, Bank of America cut 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, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $151.15.

D.R. Horton Trading Up 1.0%

NYSE DHI opened at $123.27 on Friday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year 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 company has a market capitalization of $37.87 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The firm’s fifty day simple moving average is $124.66 and its 200-day simple moving average is $139.22.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The business 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 posted $3.52 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date 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.