Knights of Columbus Asset Advisors LLC Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its holdings in D.R. Horton, Inc. by 49.0%, now owning 33,503 shares worth approximately $4.26 million.
• D.R. Horton reported earnings of $3.36 per share for its last quarter, exceeding estimates by $0.46, despite a year-over-year revenue decline of 7.4%.
• The company declared a quarterly dividend of $0.40 per share, which will be paid on August 14th, yielding an annualized amount of $1.60 with a 1.10% yield.

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,503 shares of the construction company's stock after selling 32,177 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in D.R. Horton were worth $4,259,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DHI. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of D.R. Horton by 1.0% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 58,597 shares of the construction company's stock worth $7,449,000 after buying an additional 607 shares in the last quarter. Phoenix Financial Ltd. raised its holdings in D.R. Horton by 1.0% in the 1st quarter. Phoenix Financial Ltd. now owns 18,277 shares of the construction company's stock valued at $2,328,000 after acquiring an additional 186 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in D.R. Horton by 3.9% in the 1st quarter. Prescott Group Capital Management L.L.C. now owns 51,397 shares of the construction company's stock valued at $6,534,000 after acquiring an additional 1,937 shares during the last quarter. Pacer Advisors Inc. lifted its stake in D.R. Horton by 4,630.6% in the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after purchasing an additional 1,655,309 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of D.R. Horton during the 1st quarter worth approximately $2,657,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Up 0.4%

Shares of NYSE:DHI traded up $0.58 during trading hours on Tuesday, reaching $146.78. The stock had a trading volume of 1,336,778 shares, compared to its average volume of 3,780,647. The firm's 50 day moving average is $128.43 and its 200-day moving average is $129.14. The stock has a market capitalization of $43.76 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 3.16 and a beta of 1.38. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year 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.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share 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%. D.R. Horton's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.10 earnings per share. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Wall Street Analysts Forecast Growth

DHI has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Bank of America lowered their price target on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Royal Bank Of Canada set a $117.00 price objective on shares of D.R. Horton and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price target 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average price target of $153.23.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at $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 available through the SEC website. 0.54% of the stock is owned by insiders.

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.