HM Payson & Co. Trims Stake in D.R. Horton, Inc. (NYSE:DHI)

HM Payson & Co. trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 35.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,270 shares of the construction company's stock after selling 99,927 shares during the quarter. HM Payson & Co. owned about 0.06% of D.R. Horton worth $23,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth about $26,000. Nemes Rush Group LLC boosted its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton in the 4th quarter worth about $43,000. Oarsman Capital Inc. boosted its holdings in shares of D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after purchasing an additional 198 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of D.R. Horton in the 4th quarter worth about $54,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the 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 transaction, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DHI shares. JPMorgan Chase & Co. cut their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Barclays cut their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Bank of America dropped 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, BTIG Research dropped their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a 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 analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Trading Down 2.6%

NYSE DHI opened at $132.08 on Friday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The stock has a 50 day simple moving average of $124.15 and a two-hundred day simple moving average of $129.46. The stock has a market cap of $40.57 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 4.12 and a beta of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The business had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the business posted $3.52 EPS. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

D.R. Horton Company 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.

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