Credit Agricole S A Decreases Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Credit Agricole S A has reduced its stake in D.R. Horton, Inc. by 9.2%, now holding 110,148 shares worth approximately $14 million.
• D.R. Horton reported $3.36 earnings per share for the last quarter, surpassing estimates and posting a 7.4% year-over-year revenue decline.
• A recent quarterly dividend of $0.40 per share was declared, representing an annual yield of 1.0% and a payout ratio of 12.83%.

Credit Agricole S A lowered its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,148 shares of the construction company's stock after selling 11,210 shares during the period. Credit Agricole S A's holdings in D.R. Horton were worth $14,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Allspring Global Investments Holdings LLC grew its holdings in shares of D.R. Horton by 652.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after acquiring an additional 1,718,094 shares during the period. Pacer Advisors Inc. grew its holdings in shares of D.R. Horton by 4,630.6% in the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after acquiring an additional 1,655,309 shares during the period. GAMMA Investing LLC grew its holdings in shares of D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after acquiring an additional 911,960 shares during the period. Two Sigma Investments LP lifted its stake in D.R. Horton by 1,838.0% in the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after buying an additional 832,358 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in D.R. Horton in the 1st quarter valued at approximately $98,382,000. Institutional investors and hedge funds own 90.63% of the company's stock.

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 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 transaction, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group upped their target price 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. 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 note on Wednesday, July 23rd. Wells Fargo & Company upped their target price on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price 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. Finally, Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Trading Down 0.8%

Shares of DHI traded down $1.4490 during trading hours on Monday, hitting $169.2310. The stock had a trading volume of 2,547,552 shares, compared to its average volume of 3,818,854. 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 cap of $50.45 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.63 and a beta of 1.34. The company's fifty day simple moving average is $142.34 and its 200 day simple moving average is $131.06. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

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 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% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend 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%.

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.