Korea Investment CORP Sells 10,346 Shares of D.R. Horton, Inc. $DHI

Key Points

• Korea Investment CORP reduced its stake in D.R. Horton, Inc. by 4.2%, owning 236,052 shares worth approximately $30 million as of the latest SEC filing.
• Wall Street analysts have increased price targets on D.R. Horton, with estimates ranging from $117.00 to $187.00, indicating a generally positive outlook on the stock.
• D.R. Horton declared a quarterly dividend of $0.40 per share, representing a 1.0% yield based on its annualized payout ratio.

Korea Investment CORP reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 236,052 shares of the construction company's stock after selling 10,346 shares during the quarter. Korea Investment CORP owned approximately 0.08% of D.R. Horton worth $30,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its holdings in D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after buying an additional 101,643 shares during the last quarter. MQS Management LLC purchased a new position in D.R. Horton during the 1st quarter valued at $1,132,000. Leavell Investment Management Inc. increased its position in D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock valued at $423,000 after purchasing an additional 549 shares during the period. Exchange Traded Concepts LLC increased its position in D.R. Horton by 25.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after purchasing an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its position in D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 0.6%

DHI stock traded down $0.95 during trading on Monday, hitting $169.73. 1,440,345 shares of the stock traded hands, compared to its average volume of 3,812,193. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm's 50 day moving average is $142.34 and its two-hundred day moving average is $131.06. The stock has a market cap of $50.60 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 3.63 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. D.R. Horton's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period 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 anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on DHI. Royal Bank Of Canada boosted 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 report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods boosted 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 report on Thursday, July 24th. Wells Fargo & Company boosted 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 report on Wednesday, July 23rd. Finally, UBS Group boosted 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 report on Wednesday, July 23rd. One equities 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $153.23.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This 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 this hyperlink. Corporate insiders own 0.54% of the company's stock.

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.