Johnson Investment Counsel Inc. Sells 10,963 Shares of D.R. Horton, Inc. (NYSE:DHI)

Johnson Investment Counsel Inc. decreased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 56.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,526 shares of the construction company's stock after selling 10,963 shares during the period. Johnson Investment Counsel Inc.'s holdings in D.R. Horton were worth $1,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nemes Rush Group LLC lifted its position in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the fourth quarter worth $38,000. Itau Unibanco Holding S.A. bought a new position in D.R. Horton in the fourth quarter worth $43,000. Oarsman Capital Inc. lifted its position in D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after purchasing an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in D.R. Horton in the fourth quarter worth $54,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Bank of America reduced their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Royal Bank Of Canada cut their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" 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. BTIG Research cut their price objective 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. Finally, Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Price Performance

Shares of NYSE:DHI traded up $2.89 during midday trading on Friday, reaching $124.17. The company's stock had a trading volume of 5,351,247 shares, compared to its average volume of 3,070,184. 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 market capitalization of $38.14 billion, a P/E ratio of 9.40, a P/E/G ratio of 3.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. The business's fifty day simple moving average is $122.51 and its 200-day simple moving average is $130.72.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. During the same quarter in the previous year, the business earned $3.52 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. D.R. Horton's payout ratio is 12.11%.

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.