Earnest Partners LLC Lowers Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Earnest Partners LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,845,960 shares of the construction company's stock after selling 50,997 shares during the period. D.R. Horton accounts for 1.2% of Earnest Partners LLC's holdings, making the stock its 15th biggest holding. Earnest Partners LLC owned 0.59% of D.R. Horton worth $258,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in D.R. Horton by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock valued at $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton during the 4th quarter valued at about $593,363,000. Franklin Resources Inc. boosted its stake in D.R. Horton by 71.5% during 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 D.R. Horton by 2.1% during 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 valued at $298,258,000 after purchasing an additional 540,737 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DHI shares. Bank of America cut their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Keefe, Bruyette & Woods dropped their target price on shares of 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. BTIG Research reduced their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company 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. Royal Bank of Canada decreased their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, StockNews.com downgraded D.R. Horton from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

NYSE:DHI traded up $1.67 during trading hours on Wednesday, hitting $126.42. 2,748,327 shares of the company's stock traded hands, compared to its average volume of 2,949,163. The firm has a market cap of $38.83 billion, a P/E ratio of 8.93, a P/E/G 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. The business's fifty day simple moving average is $125.77 and its two-hundred day simple moving average is $144.01. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period last year, the firm posted $3.52 EPS. On average, research analysts anticipate 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. Investors of record on Friday, May 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton's payout ratio is 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.