IFM Investors Pty Ltd Sells 1,577 Shares of D.R. Horton, Inc. $DHI

Key Points

• IFM Investors Pty Ltd reduced its stake in D.R. Horton, Inc. by 2.8%, selling 1,577 shares and retaining 54,442 shares valued at approximately $7,019,000.
• D.R. Horton reported $3.36 earnings per share for the latest quarter, exceeding analysts' expectations of $2.90, while revenue was $9.23 billion, down 7.4% compared to the previous year.
• The company announced a quarterly dividend of $0.40 per share, translating to a 1.0% dividend yield with a payout ratio of 12.83%.

IFM Investors Pty Ltd trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,442 shares of the construction company's stock after selling 1,577 shares during the quarter. IFM Investors Pty Ltd's holdings in D.R. Horton were worth $7,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. Bank Pictet & Cie Europe AG raised its stake in shares of D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the period. Waverly Advisors LLC raised its stake in shares of D.R. Horton by 58.9% during the 4th quarter. Waverly Advisors LLC now owns 5,105 shares of the construction company's stock valued at $714,000 after purchasing an additional 1,893 shares during the period. Continuum Advisory LLC raised its stake in shares of D.R. Horton by 25.8% during 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. Vise Technologies Inc. raised its stake in shares of D.R. Horton by 189.1% during the 4th quarter. Vise Technologies Inc. now owns 5,829 shares of the construction company's stock valued at $815,000 after purchasing an additional 3,813 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in D.R. Horton by 110.8% in the 4th quarter. Sunbelt Securities Inc. now owns 6,885 shares of the construction company's stock worth $961,000 after acquiring an additional 3,619 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company's stock, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DHI shares. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. UBS Group upped their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Wells Fargo & Company upped their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Bank of America upped their target price on D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, September 18th. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $158.23.

D.R. Horton Trading Down 0.5%

NYSE DHI traded down $0.76 on Tuesday, hitting $163.47. The company's stock had a trading volume of 1,482,037 shares, compared to its average volume of 3,791,803. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $195.50. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company's 50-day simple moving average is $160.32 and its 200 day simple moving average is $137.49. The firm has a market cap of $48.73 billion, a P/E ratio of 13.11, a PEG ratio of 3.57 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter last year, the business posted $4.10 EPS. The business'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. Research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

About D.R. Horton

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.