Cetera Investment Advisers Cuts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Cetera Investment Advisers reduced its stake in D.R. Horton, Inc. by 27.4% to 49,359 shares, worth approximately $6.28 million, as of the latest SEC filing.
• D.R. Horton recently reported strong quarterly earnings with an EPS of $3.36, surpassing analyst expectations and showing a net margin of 11.46%, despite a 7.4% decline in revenue year-over-year.
• The company's quarterly dividend of $0.40 will be paid on August 14th, representing an annual yield of 1.1% and a payout ratio of 12.83%.

Cetera Investment Advisers lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 27.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,359 shares of the construction company's stock after selling 18,591 shares during the period. Cetera Investment Advisers' holdings in D.R. Horton were worth $6,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in D.R. Horton by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock valued at $485,984,000 after acquiring an additional 72,161 shares in the last quarter. Northern Trust Corp lifted its stake in D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after acquiring an additional 460,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of D.R. Horton by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock valued at $374,312,000 after acquiring an additional 476,816 shares during the last quarter. First Trust Advisors LP lifted its position in D.R. Horton by 34.0% during the fourth quarter. First Trust Advisors LP now owns 2,133,159 shares of the construction company's stock valued at $298,258,000 after purchasing an additional 540,737 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in 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 purchasing an additional 1,718,094 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 2.1%

Shares of NYSE:DHI traded up $3.16 during trading on Monday, hitting $153.46. The company had a trading volume of 3,328,198 shares, compared to its average volume of 3,814,844. The stock has a market cap of $45.75 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 3.19 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The company has a fifty day simple moving average of $130.51 and a two-hundred day simple moving average of $129.21. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. D.R. Horton's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.10 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DHI shares. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. The Goldman Sachs Group dropped their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. JMP Securities lowered their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. Bank of America cut 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 report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, Wells Fargo & Company raised their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $153.23.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,150 shares of the business'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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

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.