D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 57.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,821 shares of the construction company's stock after selling 27,141 shares during the period. Bessemer Group Inc.'s holdings in D.R. Horton were worth $2,520,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nemes Rush Group LLC increased its position in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at $38,000. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton in the fourth quarter valued at $43,000. Oarsman Capital Inc. boosted its stake in shares of D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after purchasing an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of D.R. Horton in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded up $4.96 during trading hours on Tuesday, reaching $133.88. The company's stock had a trading volume of 5,366,419 shares, compared to its average volume of 3,113,320. The company's 50 day simple moving average is $123.66 and its 200 day simple moving average is $129.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. 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 $41.13 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 4.03 and a beta of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly 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). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the previous year, the business posted $3.52 earnings per share. As a group, 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 Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. D.R. Horton's payout ratio is currently 12.11%.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated 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 owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DHI. Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Bank of America decreased their target price on shares of 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 Wells Fargo & Company decreased their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $151.15.

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.