Ariel Investments LLC Sells 5,579 Shares of D.R. Horton, Inc. (NYSE:DHI)

Ariel Investments LLC decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 135,049 shares of the construction company's stock after selling 5,579 shares during the quarter. Ariel Investments LLC's holdings in D.R. Horton were worth $18,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nemes Rush Group LLC raised its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $38,000. Rosenberg Matthew Hamilton increased its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after acquiring an additional 165 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in D.R. Horton in the fourth quarter worth $43,000. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. 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. Barclays lowered their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wedbush reissued a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Bank of America decreased their price objective 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 Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Price Performance

D.R. Horton stock traded down $3.83 during mid-day trading on Tuesday, hitting $121.84. 2,947,499 shares of the company traded hands, compared to its average volume of 2,957,402. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock has a market cap of $37.43 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The stock has a fifty day moving average price of $125.60 and a 200-day moving average price of $141.88.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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 firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $3.52 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.31%. D.R. Horton's payout ratio is 12.11%.

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.