Envestnet Portfolio Solutions Inc. Sells 10,768 Shares of D.R. Horton, Inc. (NYSE:DHI)

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 54.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,052 shares of the construction company's stock after selling 10,768 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in D.R. Horton were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DHI. Bank Pictet & Cie Europe AG raised 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 last quarter. Rothschild Investment LLC raised its position in shares of D.R. Horton by 3.2% during the fourth quarter. Rothschild Investment LLC now owns 3,206 shares of the construction company's stock worth $448,000 after acquiring an additional 100 shares during the last quarter. Impax Asset Management Group plc increased its holdings in D.R. Horton by 9.4% in the fourth quarter. Impax Asset Management Group plc now owns 24,428 shares of the construction company's stock worth $3,416,000 after purchasing an additional 2,097 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in D.R. Horton by 1.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 9,940 shares of the construction company's stock worth $1,390,000 after purchasing an additional 111 shares in the last quarter. Finally, Sitrin Capital Management LLC increased its holdings in D.R. Horton by 0.5% in the fourth quarter. Sitrin Capital Management LLC now owns 32,782 shares of the construction company's stock worth $4,584,000 after purchasing an additional 173 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DHI. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. JMP Securities lowered their target price 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. The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Bank of America lowered their target price on 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 Finally, Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $151.15.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton 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 now directly owns 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

D.R. Horton Stock Up 1.3%

D.R. Horton stock traded up $1.62 during mid-day trading on Friday, reaching $128.77. The stock had a trading volume of 4,089,538 shares, compared to its average volume of 3,104,520. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock's 50-day simple moving average is $123.32 and its 200-day simple moving average is $129.90. The firm has a market capitalization of $39.56 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 4.02 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results 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). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period in the previous year, the firm earned $3.52 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton's payout ratio is 12.11%.

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.