CapWealth Advisors LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,847 shares of the construction company's stock after selling 2,630 shares during the period. D.R. Horton accounts for 2.2% of CapWealth Advisors LLC's investment portfolio, making the stock its 18th biggest position. CapWealth Advisors LLC owned about 0.05% of D.R. Horton worth $20,448,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of D.R. Horton during the 4th quarter worth $593,363,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after acquiring an additional 1,718,094 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after acquiring an additional 1,490,648 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after acquiring an additional 911,960 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of D.R. Horton by 1,838.0% during the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after acquiring an additional 832,358 shares during the last quarter. 90.63% of the stock is owned by institutional investors.
Insider Activity
In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's 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 transaction, the director owned 2,193 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.
Analysts Set New Price Targets
DHI has been the subject of a number of research analyst reports. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank Of Canada dropped their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. BTIG Research lowered their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note 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. Finally, Barclays lowered their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $151.15.
Check Out Our Latest Stock Analysis on DHI
D.R. Horton Trading Down 2.0%
Shares of DHI stock traded down $2.83 during mid-day trading on Friday, reaching $136.79. The stock had a trading volume of 4,065,493 shares, compared to its average volume of 3,166,632. The stock's 50-day moving average price is $125.12 and its two-hundred day moving average price is $129.31. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market capitalization of $42.02 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 4.36 and a beta of 1.38. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.
D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data 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 net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter in the previous year, the firm posted $3.52 EPS. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.
D.R. Horton Announces Dividend
The company 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.
About D.R. Horton
(
Free Report)
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.
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