Aigen Investment Management LP Cuts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Aigen Investment Management LP reduced its holdings in D.R. Horton, Inc. by 65.1% during the first quarter, ending with a value of approximately $1.17 million in shares.
• Wall Street analysts showed mixed views with JPMorgan reducing its target price from $132 to $111, while Wedbush raised its target from $155 to $170, indicating a consensus rating of "Hold."
• D.R. Horton recently announced a quarterly dividend of $0.40 per share, with an annualized yield of 1.0% and a dividend payout ratio of 12.83%.

Aigen Investment Management LP lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 65.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,169 shares of the construction company's stock after selling 17,133 shares during the quarter. Aigen Investment Management LP's holdings in D.R. Horton were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter valued at approximately $26,000. Bayforest Capital Ltd boosted its stake in D.R. Horton by 340.4% during the 1st 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. bought a new stake in shares of D.R. Horton in the 4th quarter worth $43,000. Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton in the first quarter worth $61,000. Finally, Continuum Advisory LLC lifted its holdings in shares of D.R. Horton by 25.8% during 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 in the last quarter. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BTIG Research decreased their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research 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. Wedbush increased their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Bank of America lowered 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 Finally, Wells Fargo & Company upped their price objective on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Price Performance

Shares of DHI traded down $1.48 during mid-day trading on Thursday, reaching $164.07. The stock had a trading volume of 3,770,867 shares, compared to its average volume of 3,796,221. The firm has a market cap of $48.91 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 3.36 and a beta of 1.34. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The business has a fifty day moving average of $136.50 and a 200 day moving average of $130.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the firm earned $4.10 earnings per share. The business's quarterly revenue was down 7.4% on a year-over-year basis. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. D.R. Horton's dividend payout ratio is currently 12.83%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

About D.R. Horton

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.