Caisse DE Depot ET Placement DU Quebec Decreases Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in D.R. Horton, Inc. by 56.1%, selling 340,834 shares in the first quarter, leaving them with approximately 0.09% ownership worth $33.9 million.
• D.R. Horton's stock opened at $168.41 and recently reported a quarterly earnings per share (EPS) of $3.36, exceeding expectations of $2.90.
• Following various analyst upgrades, D.R. Horton's consensus price target now stands at $153.23, with a current overall rating of "Hold".

Caisse DE Depot ET Placement DU Quebec cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 56.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 266,911 shares of the construction company's stock after selling 340,834 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.09% of D.R. Horton worth $33,932,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Olde Wealth Management LLC bought a new position in D.R. Horton in the first quarter worth about $26,000. Bayforest Capital Ltd increased its holdings in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of D.R. Horton during the first quarter valued at about $34,000. Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $43,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of D.R. Horton during the first quarter valued at about $61,000. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was 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 in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction 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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wedbush upped their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their target price 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $153.23.

D.R. Horton Stock Performance

D.R. Horton stock traded up $0.75 during mid-day trading on Friday, hitting $169.66. The company had a trading volume of 2,338,261 shares, compared to its average volume of 3,948,654. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The company's fifty day moving average is $147.01 and its 200-day moving average is $132.38. The company has a market capitalization of $50.58 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 3.59 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the firm posted $4.10 EPS. The business'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. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

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.