Central Bank & Trust Co. Cuts Position in D.R. Horton, Inc. (NYSE:DHI)

Central Bank & Trust Co. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,602 shares of the construction company's stock after selling 3,158 shares during the period. Central Bank & Trust Co.'s holdings in D.R. Horton were worth $3,382,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $38,000. Sierra Ocean LLC purchased a new stake in D.R. Horton during the fourth quarter worth about $43,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI traded down $1.96 during mid-day trading on Friday, hitting $120.78. 2,338,182 shares of the company's stock were exchanged, compared to its average volume of 3,035,874. The firm has a market capitalization of $37.10 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.54 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The business's 50 day moving average is $122.01 and its two-hundred day moving average is $133.96. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

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 analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the previous year, the business posted $3.52 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors 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 yield of 1.32%. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. Barclays dropped their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Bank of America reduced their price objective on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Keefe, Bruyette & Woods decreased their target price 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. Finally, BTIG Research cut their price target on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.