Banque Pictet & Cie SA Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Banque Pictet & Cie SA raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 415,641 shares of the construction company's stock after acquiring an additional 15,176 shares during the period. Banque Pictet & Cie SA owned approximately 0.14% of D.R. Horton worth $52,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. LBP AM SA purchased a new stake in D.R. Horton during the 1st quarter valued at approximately $4,130,000. Brown Advisory Inc. raised its stake in D.R. Horton by 14.0% during the 1st quarter. Brown Advisory Inc. now owns 6,111 shares of the construction company's stock valued at $777,000 after acquiring an additional 749 shares during the last quarter. Dupree Financial Group LLC raised its stake in shares of D.R. Horton by 114.4% during the 1st quarter. Dupree Financial Group LLC now owns 41,162 shares of the construction company's stock worth $5,233,000 after buying an additional 21,964 shares in the last quarter. Beverly Hills Private Wealth LLC raised its stake in shares of D.R. Horton by 4.5% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 2,785 shares of the construction company's stock worth $354,000 after buying an additional 119 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of D.R. Horton by 11.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 138,921 shares of the construction company's stock worth $17,661,000 after buying an additional 14,443 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

D.R. Horton Price Performance

NYSE:DHI traded down $2.83 during trading hours on Friday, reaching $136.79. 4,065,493 shares of the company traded hands, compared to its average volume of 3,163,189. The firm's 50-day moving average is $125.12 and its 200-day moving average is $129.23. The stock has a market cap of $42.02 billion, a P/E ratio of 10.36, a P/E/G ratio of 4.27 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business earned $3.52 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research reports. Bank of America lowered their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JMP Securities lowered their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company lowered their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Wall Street Zen cut D.R. Horton from a "hold" rating to a "sell" rating in a report on Saturday. Finally, BTIG Research lowered their price target on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Profile

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.