Federated Hermes Inc. trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 33.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,617 shares of the construction company's stock after selling 8,003 shares during the period. Federated Hermes Inc.'s holdings in D.R. Horton were worth $1,985,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of DHI. Allspring Global Investments Holdings LLC lifted its stake in shares of D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the period. Pacer Advisors Inc. grew its holdings in shares of 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 acquiring an additional 1,655,309 shares during the period. GAMMA Investing LLC boosted its position in D.R. Horton by 19,102.6% during the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after purchasing an additional 911,960 shares in the last quarter. Two Sigma Investments LP grew its holdings in D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after purchasing an additional 832,358 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of D.R. Horton by 676.4% in the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock valued at $105,779,000 after buying an additional 659,100 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.
D.R. Horton Stock Down 0.1%
Shares of DHI stock traded down $0.08 on Thursday, hitting $153.98. The stock had a trading volume of 2,440,318 shares, compared to its average volume of 3,801,944. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 3.29 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The stock's 50 day moving average is $132.61 and its 200-day moving average is $129.60.
D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the business posted $4.10 earnings per share. D.R. Horton's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.
D.R. Horton Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's payout ratio is currently 12.83%.
Insiders Place Their Bets
In other news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction that occurred 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 directly owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research firms have weighed in on DHI. JPMorgan Chase & Co. dropped their target price on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Wedbush boosted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Wells Fargo & Company raised their target price 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, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus target price of $153.23.
Get Our Latest Report on DHI
D.R. Horton 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.
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