D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,637 shares of the construction company's stock after selling 6,332 shares during the period. Toronto Dominion Bank's holdings in D.R. Horton were worth $13,791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Shellback Capital LP purchased a new position in D.R. Horton in the 4th quarter valued at approximately $3,496,000. Siemens Fonds Invest GmbH increased its position in shares of D.R. Horton by 190.0% in the fourth quarter. Siemens Fonds Invest GmbH now owns 17,032 shares of the construction company's stock valued at $2,381,000 after buying an additional 11,158 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of D.R. Horton by 5.3% during the 4th quarter. Shell Asset Management Co. now owns 5,808 shares of the construction company's stock worth $812,000 after buying an additional 290 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth $529,000. Finally, Sig Brokerage LP purchased a new stake in shares of D.R. Horton in the 4th quarter worth about $348,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $124.87 on Tuesday. The firm has a market capitalization of $38.36 billion, a PE ratio of 8.82, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a 50-day moving average of $124.44 and a two-hundred day moving average of $138.21. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the company earned $3.52 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Bank of America dropped their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada lowered their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Finally, JMP Securities cut their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $151.15.

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.

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