D.R. Horton, Inc. $DHI Stock: Apollon Wealth Management LLC Cuts Stake

Key Points

• Apollon Wealth Management cut its D.R. Horton stake by 39.7% in the third quarter, selling 7,830 shares and retaining 11,894 shares valued at approximately $1.625 million. Institutional investors collectively own 90.63% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $153.27; several firms recently lowered their targets.
• D.R. Horton reported quarterly revenue of $9.37 billion, ahead of estimates, but adjusted EPS of $2.67 missed expectations and declined year over year amid mortgage-rate pressure. The company raised its quarterly dividend 11.1% to $0.50 per share.

Apollon Wealth Management LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 39.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,894 shares of the construction company's stock after selling 7,830 shares during the period. Apollon Wealth Management LLC's holdings in D.R. Horton were worth $1,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Provident Investment Management Inc. raised its stake in D.R. Horton by 4,532.5% during the 3rd quarter. Provident Investment Management Inc. now owns 138,558 shares of the construction company's stock valued at $18,934,000 after acquiring an additional 135,567 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of D.R. Horton by 34.0% in the third quarter. Valley National Advisers Inc. now owns 16,127 shares of the construction company's stock worth $2,204,000 after purchasing an additional 4,090 shares in the last quarter. BG Investment Services LLC bought a new position in shares of D.R. Horton in the third quarter worth $517,000. Citizens Financial Group Inc. RI increased its holdings in shares of D.R. Horton by 0.9% during the third quarter. Citizens Financial Group Inc. RI now owns 10,892 shares of the construction company's stock valued at $1,488,000 after purchasing an additional 100 shares during the period. Finally, Simplicity Wealth LLC increased its holdings in shares of D.R. Horton by 75.1% during the third quarter. Simplicity Wealth LLC now owns 3,635 shares of the construction company's stock valued at $497,000 after purchasing an additional 1,559 shares during the period. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

DHI has been the topic of a number of recent analyst reports. Bank of America cut their price objective on shares of D.R. Horton from $150.00 to $145.00 in a research note on Wednesday, October 7th. Weiss Ratings upgraded shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 15th. Morgan Stanley assumed coverage on shares of D.R. Horton in a research note on Thursday, October 1st. They set an "equal weight" rating and a $151.00 target price on the stock. The Goldman Sachs Group restated a "buy" rating and set a $182.00 price target (down from $190.00) on shares of D.R. Horton in a research report on Monday, October 12th. Finally, Wells Fargo & Company reduced their price target on shares of D.R. Horton from $145.00 to $140.00 and set an "equal weight" rating for the company in a research note on Friday, October 16th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $153.27.

Key D.R. Horton News

Here are the key news stories impacting D.R. Horton this week:

• Positive Sentiment: D.R. Horton raised its quarterly dividend 11.1% to $0.50 per share, or $2.00 annualized, signaling confidence in cash generation and returning more capital to shareholders. The dividend carries an approximate 1.4% yield. The ex-dividend date is November 12, with payment scheduled for November 19.
• Positive Sentiment: Fiscal fourth-quarter revenue reached $9.37 billion, above the $9.05 billion consensus estimate, suggesting the builder maintained sales volume despite challenging financing conditions. D.R. Horton Warns of Continued Mortgage Pressure in Housing Demand
• Neutral Sentiment: Management expects fiscal 2027 revenue of approximately $30 billion to $32 billion. While this provides visibility, the range reflects a housing market still constrained by elevated mortgage rates and may disappoint investors seeking stronger growth. D.R. Horton outlines fiscal 2027 revenue of $30B-$32B
• Negative Sentiment: Fourth-quarter adjusted earnings of $2.67 per share missed the $2.99 consensus estimate and declined from $3.04 a year earlier. Revenue also fell 3.2% year over year. D.R. Horton misses Q4 earnings estimates
• Negative Sentiment: Higher mortgage rates weakened orders, increased cancellations and pressured demand. Elevated buyer incentives compressed margins, while a reported $91 million impairment further weighed on quarterly results. Management warned that mortgage-related pressure could continue through fiscal 2027. D.R. Horton profit down as mortgage rates weigh

D.R. Horton Trading Up 2.3%

Shares of DHI stock opened at $146.25 on Friday. The stock has a 50-day simple moving average of $140.80 and a 200 day simple moving average of $147.77. The stock has a market capitalization of $40.91 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.23 and a beta of 1.35. D.R. Horton, Inc. has a fifty-two week low of $130.40 and a fifty-two week high of $170.79. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.07 billion. During the same quarter last year, the firm posted $3.04 earnings per share. D.R. Horton's revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.43 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is an increase from D.R. Horton's previous quarterly dividend of $0.45. D.R. Horton's dividend payout ratio is presently 17.13%.

D.R. Horton Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company's operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.

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