D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 11.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,016 shares of the construction company’s stock after selling 532 shares during the period. Silver Oak Securities Incorporated’s holdings in D.R. Horton were worth $506,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $593,363,000. Franklin Resources Inc. lifted its stake in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after purchasing an additional 1,490,648 shares during the last quarter. GAMMA Investing LLC boosted its holdings in D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company’s stock worth $116,544,000 after purchasing an additional 911,960 shares during the period. Two Sigma Investments LP increased its stake in D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company’s stock valued at $122,712,000 after purchasing an additional 832,358 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of D.R. Horton during the fourth quarter worth $98,720,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $121.26 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm has a market cap of $37.25 billion, a P/E ratio of 9.18, a PEG ratio of 3.79 and a beta of 1.37. The stock has a fifty day moving average price of $122.42 and a two-hundred day moving average price of $131.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29.

D.R. Horton (NYSE:DHI) last released its earnings results 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). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the firm earned $3.52 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, May 2nd. D.R. Horton’s dividend payout ratio (DPR) is presently 12.11%.

Analysts Set New Price Targets

DHI has been the topic of a number of recent research reports. 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 report on Monday, April 21st. Bank of America cut their price target on 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 Barclays reduced their price objective on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.