Lazard Asset Management LLC Sells 28,230 Shares of D.R. Horton, Inc. (NYSE:DHI)

Lazard Asset Management LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 95.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,281 shares of the construction company's stock after selling 28,230 shares during the quarter. Lazard Asset Management LLC's holdings in D.R. Horton were worth $178,000 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. Nemes Rush Group LLC raised its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. purchased a new position in D.R. Horton during the fourth quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHI has been the subject of several recent analyst reports. 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 JMP Securities reduced their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. BTIG Research reduced their target price on 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. Royal Bank of Canada reduced their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Finally, The Goldman Sachs Group reduced their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Trading Up 0.7%

DHI stock traded up $0.78 during trading on Thursday, hitting $118.17. 677,212 shares of the company traded hands, compared to its average volume of 3,613,152. The firm has a market capitalization of $36.30 billion, a PE ratio of 8.35, a P/E/G ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The company has a 50-day moving average of $123.24 and a 200-day moving average of $136.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the prior year, the company earned $3.52 earnings per share. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is presently 12.11%.

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.