Voloridge Investment Management LLC Purchases 319,650 Shares of D.R. Horton, Inc. (NYSE:DHI)

Voloridge Investment Management LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 153.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 527,290 shares of the construction company’s stock after purchasing an additional 319,650 shares during the period. Voloridge Investment Management LLC owned 0.17% of D.R. Horton worth $73,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Waverly Advisors LLC increased its position in D.R. Horton by 58.9% during the fourth quarter. Waverly Advisors LLC now owns 5,105 shares of the construction company’s stock worth $714,000 after buying an additional 1,893 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of D.R. Horton by 1,246.2% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 290,209 shares of the construction company’s stock worth $40,577,000 after acquiring an additional 268,651 shares during the period. Vident Advisory LLC increased its holdings in shares of D.R. Horton by 8.5% during the 4th quarter. Vident Advisory LLC now owns 15,351 shares of the construction company’s stock worth $2,147,000 after acquiring an additional 1,203 shares during the last quarter. Sophron Capital Management L.P. bought a new stake in D.R. Horton in the 4th quarter valued at $9,369,000. Finally, Twinbeech Capital LP lifted its holdings in D.R. Horton by 160.4% during the 4th quarter. Twinbeech Capital LP now owns 177,621 shares of the construction company’s stock valued at $24,835,000 after purchasing an additional 109,406 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $122.57 on Wednesday. The stock has a fifty day moving average price of $124.39 and a 200-day moving average price of $138.11. The company has a market cap of $37.65 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last posted 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 analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period last year, the firm earned $3.52 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. D.R. Horton’s dividend payout ratio (DPR) is 12.11%.

Analysts Set New Price Targets

Several equities analysts have commented on DHI shares. Barclays dropped their price objective 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. Wells Fargo & Company decreased their price target 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. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Royal Bank of Canada reduced 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. Finally, Bank of America lowered their target price on 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 analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $151.15.

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.