The Manufacturers Life Insurance Company Sells 10,489 Shares of D.R. Horton, Inc. $DHI

Key Points

• The Manufacturers Life Insurance Company has reduced its stake in D.R. Horton, Inc. by 5.9%, now holding approximately 0.05% of the company, valued at $21.35 million.
• D.R. Horton reported $3.36 EPS for the last quarter, exceeding estimates, but experienced a 7.4% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.40 per share, translating to an annualized yield of 0.9% with a payout ratio of 12.83%.

The Manufacturers Life Insurance Company cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,960 shares of the construction company's stock after selling 10,489 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of D.R. Horton worth $21,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Olde Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter worth about $26,000. Bayforest Capital Ltd raised 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 acquiring an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $34,000. Alpine Bank Wealth Management acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $61,000. Finally, Continuum Advisory LLC grew its position in shares of D.R. Horton by 25.8% during the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after buying an additional 100 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DHI shares. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada increased 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. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wedbush increased 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. Finally, UBS Group increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $154.38.

D.R. Horton Trading Up 2.8%

NYSE DHI traded up $4.99 during trading on Friday, reaching $181.68. 3,748,481 shares of the stock traded hands, compared to its average volume of 3,557,427. The firm has a market cap of $54.16 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 3.87 and a beta of 1.36. The stock's 50-day moving average price is $151.59 and its 200 day moving average price is $133.97. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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. The firm had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

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.