Algert Global LLC Sells 9,328 Shares of D.R. Horton, Inc. $DHI

Key Points

• Algert Global LLC has reduced its holdings in D.R. Horton, Inc. by 34.7%, now owning 17,567 shares valued at approximately $2.23 million.
• The company reported $3.36 earnings per share, exceeding analysts' estimates of $2.90, with a quarterly revenue of $9.23 billion, down 7.4% year-over-year.
• D.R. Horton recently declared a quarterly dividend of $0.40 per share, providing an annual yield of 1.0% for investors.

Algert Global LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 34.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,567 shares of the construction company's stock after selling 9,328 shares during the period. Algert Global LLC's holdings in D.R. Horton were worth $2,233,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank Pictet & Cie Europe AG boosted its holdings in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after buying an additional 5,052 shares during the period. Stifel Financial Corp lifted its position in shares of D.R. Horton by 6.2% in the 4th quarter. Stifel Financial Corp now owns 118,340 shares of the construction company's stock valued at $16,547,000 after acquiring an additional 6,943 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of D.R. Horton by 1.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 416,202 shares of the construction company's stock valued at $58,194,000 after acquiring an additional 4,570 shares in the last quarter. Nebula Research & Development LLC boosted its stake in D.R. Horton by 480.1% in the 4th quarter. Nebula Research & Development LLC now owns 6,259 shares of the construction company's stock worth $875,000 after purchasing an additional 5,180 shares during the period. Finally, Capital Analysts LLC grew its position in D.R. Horton by 3.3% during the 4th quarter. Capital Analysts LLC now owns 77,890 shares of the construction company's stock worth $10,891,000 after purchasing an additional 2,478 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's 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 completion of the sale, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Up 5.5%

DHI stock traded up $8.8910 during mid-day trading on Friday, hitting $170.7610. The stock had a trading volume of 6,110,693 shares, compared to its average volume of 3,984,224. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a fifty day moving average of $142.34 and a 200 day moving average of $131.06. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 3.63 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the previous year, the business posted $4.10 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio is 12.83%.

Analysts Set New Price Targets

Several analysts have recently commented on DHI shares. Royal Bank Of Canada raised their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. UBS Group increased their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $153.23.

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.