Franklin Resources Inc. Lowers Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Franklin Resources cut its D.R. Horton stake by 6.6% in Q3, selling 210,926 shares and ending the quarter with 2,989,250 shares—about a 1.00% ownership valued at $506.6 million.
• Capital World Investors dramatically increased its position by 159.8% to 30,252,842 shares (≈$5.127 billion), and institutional investors now hold 90.63% of D.R. Horton stock.
• D.R. Horton has a consensus analyst rating of "Hold" with a $159.93 target; the company beat Q3 EPS estimates ($2.03 vs. $1.98) despite revenue falling 9.5% year‑over‑year and pays an annualized dividend of $1.80 (≈1.3% yield).

Franklin Resources Inc. decreased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,989,250 shares of the construction company's stock after selling 210,926 shares during the quarter. Franklin Resources Inc. owned about 1.00% of D.R. Horton worth $506,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Silvant Capital Management LLC acquired a new stake in shares of D.R. Horton during the third quarter worth about $3,143,000. Quadrant Capital Group LLC lifted its position in D.R. Horton by 43.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,720 shares of the construction company's stock worth $1,817,000 after acquiring an additional 3,247 shares during the period. Van ECK Associates Corp grew its stake in shares of D.R. Horton by 2.4% in the 3rd quarter. Van ECK Associates Corp now owns 51,686 shares of the construction company's stock valued at $8,759,000 after purchasing an additional 1,229 shares during the last quarter. Capital World Investors lifted its position in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company's stock valued at $5,126,995,000 after acquiring an additional 18,607,545 shares during the period. Finally, Capital International Sarl boosted its stake in shares of D.R. Horton by 272.1% during the 3rd quarter. Capital International Sarl now owns 23,014 shares of the construction company's stock worth $3,900,000 after acquiring an additional 16,829 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company's stock, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Zacks Research downgraded D.R. Horton from a "hold" rating to a "strong sell" rating in a research note on Monday, January 19th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of D.R. Horton in a research note on Monday, December 29th. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 21st. The Goldman Sachs Group restated a "buy" rating and set a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods reiterated a "reduce" rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $159.93.

D.R. Horton Trading Down 1.8%

Shares of DHI opened at $142.63 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a market capitalization of $41.32 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.43. The stock has a fifty day moving average of $155.12 and a two-hundred day moving average of $156.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to analysts' expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business's revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton's payout ratio is 16.35%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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