Lynwood Price Capital Management LP Sells 2,000 Shares of D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Lynwood Price Capital Management LP has reduced its holdings in D.R. Horton, Inc. by 5.7%, now owning 33,000 shares worth approximately $4.20 million, making it the firm’s 15th largest position.
• D.R. Horton reported a EPS of $3.36 for the last quarter, exceeding analysts' expectations of $2.90, although its revenue was down 7.4% year-over-year.
• The company announced a quarterly dividend of $0.40, yielding 1.1%, payable to shareholders on August 14th.

Lynwood Price Capital Management LP lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 33,000 shares of the construction company's stock after selling 2,000 shares during the period. D.R. Horton accounts for approximately 2.4% of Lynwood Price Capital Management LP's holdings, making the stock its 15th largest position. Lynwood Price Capital Management LP's holdings in D.R. Horton were worth $4,195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the first quarter worth approximately $26,000. Nemes Rush Group LLC boosted its holdings in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares during the period. Bayforest Capital Ltd boosted its stake in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Finally, Oarsman Capital Inc. boosted its stake 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 valued at $46,000 after buying an additional 198 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE:DHI traded up $7.39 during trading on Friday, hitting $150.23. 7,146,625 shares of the company were exchanged, compared to its average volume of 4,724,252. The business's 50 day moving average is $130.51 and its 200-day moving average is $129.45. The company has a market capitalization of $44.79 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 3.04 and a beta of 1.38. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.10 earnings per share. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. D.R. Horton's payout ratio is currently 12.83%.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DHI shares. JMP Securities cut their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group cut their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Bank of America cut their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JPMorgan Chase & Co. cut their price target 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. Finally, Wells Fargo & Company boosted their price target on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Two equities 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $153.23.

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.