USS Investment Management Ltd Has $6.07 Million Stake in D.R. Horton, Inc. $DHI

Key Points

• USS Investment Management Ltd decreased its stake in D.R. Horton, Inc. by 18.6%, now holding 47,781 shares valued at $6.07 million after selling 10,900 shares.
• D.R. Horton reported $3.36 earnings per share for the last quarter, exceeding the estimate of $2.90, while revenue decreased by 7.4% year-over-year.
• The company has announced a quarterly dividend of $0.40, yielding 0.9%, with a dividend payout ratio of 12.83%.

USS Investment Management Ltd lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 18.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,781 shares of the construction company's stock after selling 10,900 shares during the quarter. USS Investment Management Ltd's holdings in D.R. Horton were worth $6,072,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. UniSuper Management Pty Ltd lifted its stake in shares of D.R. Horton by 7.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 26,002 shares of the construction company's stock valued at $3,306,000 after acquiring an additional 1,807 shares during the last quarter. Petrus Trust Company LTA bought a new position in shares of D.R. Horton in the 1st quarter valued at $669,000. NewEdge Advisors LLC lifted its stake in shares of D.R. Horton by 19.3% in the 1st quarter. NewEdge Advisors LLC now owns 19,893 shares of the construction company's stock valued at $2,529,000 after acquiring an additional 3,225 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of D.R. Horton by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,323 shares of the construction company's stock valued at $4,236,000 after acquiring an additional 1,077 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock valued at $538,000 after acquiring an additional 803 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares of the company's stock, valued at $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman directly owned 815,672 shares of the company's stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock valued at $6,173,403 in the last three months. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DHI. 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. Keefe, Bruyette & Woods lifted their target price on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wells Fargo & Company lifted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Royal Bank Of Canada lifted their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $154.38.

D.R. Horton Trading Down 1.7%

Shares of DHI stock traded down $3.15 during mid-day trading on Friday, hitting $177.86. The company's stock had a trading volume of 2,368,958 shares, compared to its average volume of 3,510,389. The company's fifty day simple moving average is $156.28 and its 200-day simple moving average is $135.74. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The company has a market cap of $53.02 billion, a PE ratio of 14.26, a P/E/G ratio of 3.84 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the company posted $4.10 EPS. The business's quarterly 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. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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