D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp has reduced its holdings in D.R. Horton, Inc. by 21.9%, selling 30,540 shares during the first quarter, now holding 109,026 shares valued at $13.86 million.
• Major brokerages have issued mixed ratings on D.R. Horton, with price targets ranging from $111 to $187, reflecting underlying concerns about the housing market and consumer confidence.
• D.R. Horton recently declared a quarterly dividend of $0.40 per share, representing an annualized yield of 1.12%, with a payout ratio of 12.83%.

Mackenzie Financial Corp reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,026 shares of the construction company's stock after selling 30,540 shares during the period. Mackenzie Financial Corp's holdings in D.R. Horton were worth $13,860,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Nemes Rush Group LLC grew 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 buying an additional 82 shares during the period. Azzad Asset Management Inc. ADV increased its stake in D.R. Horton by 1.0% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after acquiring an additional 89 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of D.R. Horton by 3.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in shares of D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after purchasing an additional 98 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of D.R. Horton by 25.8% during the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DHI shares. UBS Group lifted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Bank of America decreased their price target on shares of 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 Barclays cut their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. JMP Securities lowered 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 note on Monday, April 21st. Finally, Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average target price of $153.23.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.54% of the company's stock.

D.R. Horton Stock Up 5.2%

Shares of NYSE:DHI traded up $7.39 during midday trading on Friday, reaching $150.23. The company had a trading volume of 7,146,625 shares, compared to its average volume of 4,724,252. The stock has a market capitalization of $44.79 billion, a P/E ratio of 12.05, a PEG ratio of 3.04 and a beta of 1.34. The stock's fifty day moving average price is $129.88 and its 200-day moving average price is $129.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

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

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 7th. D.R. Horton's payout ratio is 12.83%.

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.