Wedmont Private Capital Buys 1,087 Shares of D.R. Horton, Inc. (NYSE:DHI)

Wedmont Private Capital boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 14.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,617 shares of the construction company’s stock after acquiring an additional 1,087 shares during the period. Wedmont Private Capital’s holdings in D.R. Horton were worth $1,032,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in D.R. Horton by 5.4% during the 1st quarter. UMB Bank n.a. now owns 5,769 shares of the construction company’s stock worth $733,000 after acquiring an additional 296 shares during the period. Lake Hills Wealth Management LLC acquired a new stake in D.R. Horton during the 1st quarter worth $420,000. Chemistry Wealth Management LLC acquired a new stake in D.R. Horton during the 1st quarter worth $214,000. Vest Financial LLC grew its holdings in D.R. Horton by 4.6% during the 1st quarter. Vest Financial LLC now owns 244,006 shares of the construction company’s stock worth $31,020,000 after acquiring an additional 10,818 shares during the period. Finally, Apella Capital LLC grew its holdings in D.R. Horton by 47.1% during the 1st quarter. Apella Capital LLC now owns 8,360 shares of the construction company’s stock worth $1,013,000 after acquiring an additional 2,678 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $120.78 on Monday. The firm has a market cap of $37.10 billion, a PE ratio of 8.54, a PEG ratio of 0.54 and a beta of 1.37. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a fifty day moving average price of $122.01 and a 200 day moving average price of $133.76.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share 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 return on equity of 18.48% and a net margin of 12.69%. During the same period in the previous year, the company posted $3.52 earnings per share. Research analysts predict 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 disclosed 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. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. D.R. Horton’s dividend payout ratio is 12.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DHI. JPMorgan Chase & Co. lowered their target price on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a report on Monday, April 21st. BTIG Research decreased their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a report 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. Bank of America decreased their price target on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, JMP Securities decreased their price target on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $151.15.

D.R. Horton 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.