D.R. Horton, Inc. $DHI Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its position in D.R. Horton, Inc. by 21.5%, holding 19,691 shares valued at $2.5 million after selling 5,390 shares in the first quarter.
• D.R. Horton's shares rose 5.5%, with a market cap of approximately $50.91 billion and recent earnings of $3.36 per share, exceeding analyst estimates.
• The company announced a quarterly dividend of $0.40, reflecting a 0.9% dividend yield, with a low payout ratio of 12.83%.

Candriam S.C.A. cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,691 shares of the construction company's stock after selling 5,390 shares during the quarter. Candriam S.C.A.'s holdings in D.R. Horton were worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton in the first quarter valued at $26,000. Bayforest Capital Ltd boosted its stake in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton in the fourth quarter valued at $43,000. Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton in the first quarter valued at $61,000. Finally, Continuum Advisory LLC boosted its stake 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 valued at $68,000 after purchasing an additional 100 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 5.5%

Shares of NYSE:DHI opened at $170.7610 on Friday. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 3.44 and a beta of 1.34. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company's fifty day moving average is $142.34 and its two-hundred day moving average is $131.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the prior year, the company earned $4.10 earnings per share. The firm's revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the 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 sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group increased their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wedbush increased their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of 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. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $153.23.

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.

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