D.R. Horton, Inc. $DHI Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 37.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 442,053 shares of the construction company’s stock after selling 264,001 shares during the period. Raymond James Financial Inc.’s holdings in D.R. Horton were worth $56,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at $26,000. Bayforest Capital Ltd boosted its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in D.R. Horton in the fourth quarter valued at $43,000. Alpine Bank Wealth Management purchased a new stake in D.R. Horton in the first quarter valued at $61,000. Finally, Continuum Advisory LLC boosted its holdings in D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company’s stock valued at $68,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company’s stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Trading Down 3.0%

DHI stock opened at $163.1490 on Thursday. The company’s 50-day simple moving average is $140.67 and its 200-day simple moving average is $130.76. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market cap of $48.64 billion, a P/E ratio of 13.08, a PEG ratio of 3.56 and a beta of 1.34.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. D.R. Horton’s dividend payout ratio (DPR) is currently 12.83%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DHI. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. Wedbush upped their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, Keefe, Bruyette & Woods increased their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $153.23.

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.