Callahan Advisors LLC Reduces Holdings in D.R. Horton, Inc. (NYSE:DHI)

Callahan Advisors LLC reduced its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,965 shares of the construction company's stock after selling 6,803 shares during the quarter. Callahan Advisors LLC's holdings in D.R. Horton were worth $3,301,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $593,363,000. Allspring Global Investments Holdings LLC increased its holdings in shares of D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after acquiring an additional 1,718,094 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after acquiring an additional 1,490,648 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of D.R. Horton by 19,102.6% during the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after acquiring an additional 911,960 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after acquiring an additional 832,358 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction 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 transaction, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

DHI stock traded down $0.76 during midday trading on Monday, hitting $136.07. The company's stock had a trading volume of 3,243,891 shares, compared to its average volume of 3,163,513. The stock's 50-day moving average price is $125.12 and its 200 day moving average price is $129.15. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The stock has a market cap of $41.80 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 4.27 and a beta of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $8.07 billion. During the same period in the prior year, the firm posted $3.52 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders 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 annualized dividend and a yield of 1.18%. D.R. Horton's dividend payout ratio is currently 12.11%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DHI. The Goldman Sachs Group decreased their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wall Street Zen downgraded D.R. Horton from a "hold" rating to a "sell" rating in a report on Saturday. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. Finally, BTIG Research cut their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock 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. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $151.15.

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.