D.R. Horton, Inc. $DHI Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in D.R. Horton, Inc. by 0.8%, now holding approximately 222,424 shares worth $28.3 million.
• D.R. Horton reported earnings per share of $3.36 for the last quarter, exceeding analysts' estimates, although revenue declined by 7.4% year-over-year.
• Insiders sold stocks, including Director Michael R. Buchanan, who sold 2,150 shares at an average price of $127.70, marking a 49.5% decrease in his ownership.

Rafferty Asset Management LLC lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 222,424 shares of the construction company's stock after selling 1,880 shares during the period. Rafferty Asset Management LLC owned about 0.07% of D.R. Horton worth $28,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in D.R. Horton by 86.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 29,140 shares of the construction company's stock worth $3,705,000 after acquiring an additional 13,497 shares during the period. Bahl & Gaynor Inc. boosted its position in D.R. Horton by 7.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 122,930 shares of the construction company's stock worth $15,628,000 after purchasing an additional 8,926 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in D.R. Horton by 0.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 32,357 shares of the construction company's stock worth $4,113,000 after purchasing an additional 204 shares in the last quarter. AlphaQuest LLC grew its stake in shares of D.R. Horton by 296.0% during the 1st quarter. AlphaQuest LLC now owns 11,897 shares of the construction company's stock worth $1,512,000 after purchasing an additional 8,893 shares during the period. Finally, Allstate Corp increased its holdings in shares of D.R. Horton by 26.6% during the 1st quarter. Allstate Corp now owns 11,071 shares of the construction company's stock valued at $1,407,000 after purchasing an additional 2,326 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DHI. Wedbush lifted their price target 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. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. 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 report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their target price on 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. Finally, Royal Bank Of Canada lifted their price target 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 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $153.23.

Insider Buying and Selling

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 value of $274,555.00. Following the transaction, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

D.R. Horton Price Performance

DHI stock traded up $1.48 during mid-day trading on Thursday, reaching $168.98. The company's stock had a trading volume of 2,539,008 shares, compared to its average volume of 3,997,371. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company's 50 day moving average is $146.10 and its two-hundred day moving average is $132.11. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market cap of $50.37 billion, a PE ratio of 13.55, a P/E/G ratio of 3.56 and a beta of 1.34.

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. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the firm posted $4.10 EPS. The business's revenue for the quarter 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 research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business 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 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's payout ratio is 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.