OMERS ADMINISTRATION Corp Sells 3,509 Shares of D.R. Horton, Inc. $DHI

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in D.R. Horton, Inc. by 22.0%, now holding 12,431 shares valued at approximately $1,580,000.
• Analysts have positive growth forecasts for D.R. Horton, with multiple price target increases, including UBS raising theirs from $176 to $187 and Keefe, Bruyette & Woods from $135 to $161.
• D.R. Horton declared a quarterly dividend of $0.40 per share, leading to an annualized yield of 0.9% for investors with a dividend payout ratio of 12.83%.

OMERS ADMINISTRATION Corp lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,431 shares of the construction company's stock after selling 3,509 shares during the period. OMERS ADMINISTRATION Corp's holdings in D.R. Horton were worth $1,580,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Olde Wealth Management LLC bought a new stake in D.R. Horton in the first quarter valued at $26,000. Bayforest Capital Ltd lifted its position in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new position in D.R. Horton during the first quarter valued at $34,000. Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton in the 1st quarter worth about $61,000. Finally, Continuum Advisory LLC raised its position in shares of D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wells Fargo & Company lifted their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group lifted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wedbush lifted their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $154.38.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

NYSE DHI traded up $1.87 during trading hours on Wednesday, hitting $172.13. The company's stock had a trading volume of 3,182,110 shares, compared to its average volume of 3,541,768. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company's 50 day simple moving average is $149.53 and its two-hundred day simple moving average is $133.24. The company has a market cap of $51.31 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 3.60 and a beta of 1.36. 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 released its quarterly earnings results 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. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's payout ratio is currently 12.83%.

About D.R. Horton

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.