Chevy Chase Trust Holdings LLC Sells 4,290 Shares of D.R. Horton, Inc. (NYSE:DHI)

Chevy Chase Trust Holdings LLC lessened its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,046 shares of the construction company's stock after selling 4,290 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in D.R. Horton were worth $18,948,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its position in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after buying an additional 5,052 shares during the last quarter. Rothschild Investment LLC lifted its stake in shares of D.R. Horton by 3.2% in the 4th quarter. Rothschild Investment LLC now owns 3,206 shares of the construction company's stock valued at $448,000 after purchasing an additional 100 shares during the period. Lake Street Advisors Group LLC raised its position in D.R. Horton by 1.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 9,940 shares of the construction company's stock worth $1,390,000 after acquiring an additional 111 shares during the period. Sitrin Capital Management LLC raised its position in D.R. Horton by 0.5% during the fourth quarter. Sitrin Capital Management LLC now owns 32,782 shares of the construction company's stock worth $4,584,000 after acquiring an additional 173 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in D.R. Horton by 3.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 119,400 shares of the construction company's stock worth $16,695,000 after acquiring an additional 3,800 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Up 1.3%

Shares of NYSE:DHI traded up $1.62 during trading on Friday, hitting $128.77. 4,089,538 shares of the company's stock traded hands, compared to its average volume of 3,103,270. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The company has a market cap of $39.56 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 3.97 and a beta of 1.37. The company has a 50-day moving average price of $123.17 and a 200-day moving average price of $130.25.

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 for the quarter, missing the consensus estimate 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 business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the firm earned $3.52 EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DHI shares. The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. BTIG Research dropped their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock 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. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Bank of America cut their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $151.15.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director now directly owns 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by company 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.