D.R. Horton, Inc. $DHI Shares Sold by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in D.R. Horton by 41.3%, holding $3.24 million worth of shares at the end of the last quarter.
• Analysts have varied ratings on D.R. Horton, with price targets ranging from $117.00 to $190.00, reflecting a consensus "Hold" rating from equity research analysts.
• D.R. Horton recently reported earnings of $3.36 EPS, surpassing expectations, and announced a quarterly dividend of $0.40 per share, with a yield of 0.9%.

Federation des caisses Desjardins du Quebec lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 41.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,477 shares of the construction company's stock after selling 17,913 shares during the period. Federation des caisses Desjardins du Quebec's holdings in D.R. Horton were worth $3,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Olde Wealth Management LLC acquired a new position in D.R. Horton during the 1st quarter worth $26,000. Bayforest Capital Ltd grew its holdings in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth approximately $34,000. Alpine Bank Wealth Management bought a new position in D.R. Horton during the first quarter worth about $61,000. Finally, Continuum Advisory LLC boosted its stake in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after purchasing an additional 100 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 2.6%

DHI traded up $4.52 on Thursday, hitting $180.65. The company had a trading volume of 674,763 shares, compared to its average volume of 3,776,095. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The business's fifty day simple moving average is $154.39 and its 200 day simple moving average is $135.00. The company has a market cap of $53.86 billion, a PE ratio of 14.50, a PEG ratio of 3.77 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. 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 previous year, the firm posted $4.10 earnings per share. The company's revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio is 12.83%.

Insiders Place Their Bets

In other news, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman directly owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,526 shares of company stock worth $6,173,403. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DHI shares. Royal Bank Of Canada increased their price target on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. UBS Group upped their price objective on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Wedbush boosted their price target on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $154.38.

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.