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New York State Common Retirement Fund Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

D.R. Horton logo with Construction background

New York State Common Retirement Fund decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 313,506 shares of the construction company's stock after selling 3,683 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of D.R. Horton worth $39,856,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of D.R. Horton by 25.0% during the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after buying an additional 511 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the period. OneAscent Financial Services LLC lifted its position in D.R. Horton by 21.2% during the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock valued at $465,000 after purchasing an additional 582 shares during the period. Ritholtz Wealth Management lifted its position in D.R. Horton by 6.5% during the first quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock valued at $270,000 after purchasing an additional 129 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in D.R. Horton by 34.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 46,215 shares of the construction company's stock valued at $5,875,000 after purchasing an additional 11,905 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 1.0%

Shares of NYSE:DHI traded down $1.35 during trading on Friday, hitting $130.30. The company had a trading volume of 2,398,231 shares, compared to its average volume of 3,178,287. The stock has a market cap of $40.02 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 4.11 and a beta of 1.38. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a fifty day simple moving average of $125.81 and a two-hundred day simple moving average of $129.08. 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 (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 net margin of 12.15% and a return on equity of 16.95%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the business earned $3.52 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DHI. Royal Bank Of Canada lowered their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Wall Street Zen downgraded shares of D.R. Horton from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Bank of America decreased 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 Wells Fargo & Company decreased their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $151.15.

View Our Latest Stock Report on DHI

Insider Buying and Selling at D.R. Horton

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 value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade 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 this hyperlink. 0.54% of the stock is owned by insiders.

D.R. Horton Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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