Laird Norton Wetherby Wealth Management LLC Has $1.03 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Laird Norton Wetherby Wealth Management LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,363 shares of the construction company’s stock after selling 422 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in D.R. Horton were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Equity Partners raised its holdings in D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after acquiring an additional 3,171 shares in the last quarter. Park Avenue Securities LLC raised its holdings in D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after acquiring an additional 2,767 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of D.R. Horton by 15.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company’s stock worth $2,086,000 after buying an additional 2,003 shares in the last quarter. Swedbank AB raised its holdings in shares of D.R. Horton by 27.0% during the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company’s stock worth $59,709,000 after buying an additional 90,776 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of D.R. Horton by 82.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock worth $36,306,000 after buying an additional 119,392 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Up 0.2%

Shares of DHI stock opened at $126.41 on Wednesday. The stock has a market cap of $38.83 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.54 and a beta of 1.45. The stock has a 50-day moving average of $125.10 and a 200-day moving average of $139.74. 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.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the company 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 year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s payout ratio is 12.11%.

Analyst Ratings Changes

A number of research firms have recently commented on DHI. Bank of America lowered their price target on 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 JPMorgan Chase & Co. lowered their price target on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Royal Bank of Canada lowered their price target 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. BTIG Research lowered their price target on 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. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price 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.