D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,659 shares of the construction company's stock after selling 15,876 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of D.R. Horton worth $20,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Bank Pictet & Cie Europe AG increased its position in shares of D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after acquiring an additional 5,052 shares during the period. Proficio Capital Partners LLC boosted its holdings in D.R. Horton by 59.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock worth $263,000 after acquiring an additional 701 shares in the last quarter. LPL Financial LLC increased its stake in D.R. Horton by 8.0% during the 4th quarter. LPL Financial LLC now owns 236,514 shares of the construction company's stock valued at $33,069,000 after purchasing an additional 17,550 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in shares of D.R. Horton by 49.9% in the fourth quarter. Zions Bancorporation N.A. now owns 3,206 shares of the construction company's stock valued at $448,000 after purchasing an additional 1,067 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of D.R. Horton by 4.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 467,676 shares of the construction company's stock valued at $65,423,000 after acquiring an additional 19,960 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction dated 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 in the company, valued at $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DHI has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday. Bank of America cut their price target 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 JPMorgan Chase & Co. lowered their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, BTIG Research decreased their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research 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. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $153.23.

D.R. Horton Price Performance

Shares of DHI traded down $3.28 during trading hours on Thursday, reaching $144.89. The company had a trading volume of 5,062,155 shares, compared to its average volume of 4,729,618. The firm has a 50 day simple moving average of $127.61 and a 200-day simple moving average of $129.17. The company has a market capitalization of $44.51 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 3.26 and a beta of 1.38. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. 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 Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.10 earnings per share. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 12.83%.

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.