GTS Securities LLC Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

GTS Securities LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 59.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,444 shares of the construction company’s stock after selling 15,144 shares during the quarter. GTS Securities LLC’s holdings in D.R. Horton were worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DHI. Merit Financial Group LLC increased its stake in shares of D.R. Horton by 110.5% in the fourth quarter. Merit Financial Group LLC now owns 3,212 shares of the construction company’s stock worth $449,000 after buying an additional 1,686 shares during the period. Simon Quick Advisors LLC increased its stake in shares of D.R. Horton by 11.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,465 shares of the construction company’s stock worth $205,000 after buying an additional 145 shares during the period. SG Americas Securities LLC boosted its holdings in D.R. Horton by 215.8% in the fourth quarter. SG Americas Securities LLC now owns 47,984 shares of the construction company’s stock valued at $6,709,000 after acquiring an additional 32,791 shares in the last quarter. Secure Asset Management LLC boosted its holdings in D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after acquiring an additional 84 shares in the last quarter. Finally, Montecito Bank & Trust boosted its holdings in D.R. Horton by 41.2% in the fourth quarter. Montecito Bank & Trust now owns 5,439 shares of the construction company’s stock valued at $760,000 after acquiring an additional 1,586 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock opened at $118.73 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market cap of $36.47 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. 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’s fifty day moving average price is $123.90 and its 200-day moving average price is $137.24.

D.R. Horton (NYSE:DHI) last posted 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). The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $3.52 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, May 2nd. D.R. Horton’s dividend payout ratio (DPR) is 12.11%.

Analyst Ratings Changes

Several research firms recently weighed in on DHI. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. JMP Securities cut their price target on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a report on Monday, April 21st. Royal Bank of Canada cut their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Bank of America cut their price target on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, BTIG Research cut their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has an average 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.