Adage Capital Partners GP L.L.C. Sells 448,100 Shares of D.R. Horton, Inc. (NYSE:DHI)

Adage Capital Partners GP L.L.C. cut its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 89.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,475 shares of the construction company's stock after selling 448,100 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in D.R. Horton were worth $7,057,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. Norges Bank bought a new position in shares of D.R. Horton in the 4th quarter valued at about $593,363,000. Franklin Resources Inc. boosted its stake in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after purchasing an additional 1,490,648 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of D.R. Horton by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock valued at $485,984,000 after purchasing an additional 72,161 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in D.R. Horton by 34.0% during the 4th quarter. First Trust Advisors LP now owns 2,133,159 shares of the construction company's stock worth $298,258,000 after acquiring an additional 540,737 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. StockNews.com lowered shares of D.R. Horton from a "hold" rating to a "sell" rating in a research note on Tuesday, April 22nd. Bank of America dropped their target price 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 BTIG Research dropped their target price 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. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Up 0.5 %

Shares of DHI stock opened at $125.16 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm's 50-day moving average is $125.84 and its 200-day moving average is $144.15. The stock has a market cap of $38.45 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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). The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate 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 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. D.R. Horton's dividend payout ratio is presently 12.11%.

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.

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