D.R. Horton, Inc. $DHI Shares Sold by Comerica Bank

Key Points

• Comerica Bank reduced its stake in D.R. Horton, Inc. by 51.6%, selling 60,321 shares and holding 56,543 shares valued at over $7 million as of the latest SEC filing.
• D.R. Horton reported $3.36 earnings per share for the last quarter, surpassing the consensus estimate of $2.90, with revenues reaching $9.23 billion compared to expected $8.80 billion.
• The stock has received multiple analyst upgrades, with UBS Group raising its price target from $176 to $187 and maintaining a "buy" rating, contributing to an average price target increase to $153.23.

Comerica Bank reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 51.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,543 shares of the construction company's stock after selling 60,321 shares during the period. Comerica Bank's holdings in D.R. Horton were worth $7,188,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DHI. Horizon Investments LLC boosted its holdings in D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after acquiring an additional 83 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in D.R. Horton by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after purchasing an additional 89 shares in the last quarter. Aptus Capital Advisors LLC grew its position in D.R. Horton by 3.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in D.R. Horton by 2.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after purchasing an additional 98 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after buying an additional 100 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DHI shares. Wedbush upped their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Stock Performance

D.R. Horton stock traded up $0.75 during midday trading on Friday, hitting $169.66. 2,338,261 shares of the company were exchanged, compared to its average volume of 3,948,654. The business has a fifty day simple moving average of $147.01 and a two-hundred day simple moving average of $132.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The firm has a market capitalization of $50.58 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 3.60 and a beta of 1.34. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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 business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

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.