D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,823 shares of the construction company's stock after selling 2,099 shares during the period. Keybank National Association OH's holdings in D.R. Horton were worth $2,901,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DHI. Nemes Rush Group LLC increased its position in D.R. Horton by 74.5% during 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. acquired a new stake in shares of D.R. Horton in the fourth quarter worth $43,000. Oarsman Capital Inc. increased its position in shares of 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 acquiring an additional 198 shares in the last quarter. Physician Wealth Advisors Inc. purchased a new position in shares of D.R. Horton in the 4th quarter valued at $54,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of D.R. Horton during the 1st quarter valued at $61,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI stock traded down $3.53 during trading on Friday, hitting $132.08. 3,428,397 shares of the company's stock traded hands, compared to its average volume of 3,123,490. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The stock has a fifty day moving average price of $124.15 and a two-hundred day moving average price of $129.46. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $40.57 billion, a price-to-earnings 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 posted its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same quarter in the previous year, the business posted $3.52 earnings per share. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business 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. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. D.R. Horton's dividend payout ratio is presently 12.11%.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on DHI shares. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company decreased their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, April 14th. BTIG Research lowered their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company 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. Finally, The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton 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.