Jefferies Financial Group Inc. Lowers Holdings in D.R. Horton, Inc. (NYSE:DHI)

Jefferies Financial Group Inc. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 92.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,029 shares of the construction company's stock after selling 24,624 shares during the quarter. Jefferies Financial Group Inc.'s holdings in D.R. Horton were worth $284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after acquiring an additional 127,606 shares during the period. Norges Bank acquired a new position in shares of D.R. Horton during the fourth quarter worth about $593,363,000. Franklin Resources Inc. increased its stake in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after acquiring an additional 1,490,648 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock worth $485,984,000 after acquiring an additional 72,161 shares during the period. Finally, Northern Trust Corp increased its stake in shares of D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock worth $471,899,000 after acquiring an additional 460,804 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

DHI stock traded down $3.00 on Wednesday, reaching $119.68. The company had a trading volume of 3,698,585 shares, compared to its average volume of 2,978,547. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company's fifty day moving average is $124.39 and its 200 day moving average is $138.11. The company has a market cap of $36.76 billion, a P/E ratio of 8.46, a PEG ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results 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 net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the firm posted $3.52 EPS. On average, research analysts forecast 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 was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays dropped their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. BTIG Research lowered their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research 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. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Royal Bank of Canada lowered their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Finally, Bank of America lowered their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $151.15.

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.