Earnest Partners LLC Reduces Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Earnest Partners LLC reduced its stake in D.R. Horton by 0.6% during the 1st quarter, holding approximately 1.834 million shares worth around $233.28 million.
• D.R. Horton reported a Q2 earnings per share (EPS) of $3.36, exceeding analysts' expectations of $2.90, despite a 7.4% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.40 per share, with a dividend yield of 1.0%, reflecting a payout ratio of 12.83%.

Earnest Partners LLC cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,834,969 shares of the construction company's stock after selling 10,991 shares during the quarter. D.R. Horton accounts for about 1.1% of Earnest Partners LLC's holdings, making the stock its 18th biggest holding. Earnest Partners LLC owned about 0.60% of D.R. Horton worth $233,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the first quarter worth $26,000. Bayforest Capital Ltd grew 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 worth $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in shares of D.R. Horton in the first quarter worth $34,000. Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the fourth quarter worth $43,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of D.R. Horton in the first quarter worth $61,000. 90.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's 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 completion of the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. UBS Group boosted their price objective 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. Royal Bank Of Canada boosted their price target on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. Wedbush raised their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Price Performance

NYSE DHI traded up $0.75 during trading hours on Friday, reaching $169.66. 2,338,261 shares of the stock traded hands, compared to its average volume of 3,948,654. The stock has a 50 day simple moving average of $147.01 and a two-hundred day simple moving average of $132.41. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. 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 market cap of $50.58 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the prior year, the company earned $4.10 EPS. The firm's revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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