MetLife Investment Management LLC Has $9.37 Million Stake in D.R. Horton, Inc. $DHI

Key Points

• MetLife Investment Management LLC has reduced its stake in D.R. Horton by 4.6%, owning 73,662 shares valued at approximately $9.37 million.
• Several other institutional investors have increased their positions, with 90.63% of D.R. Horton's stock now held by institutional investors.
• D.R. Horton recently reported a quarterly EPS of $3.36, beating expectations, with a revenue of $9.23 billion despite a 7.4% year-over-year decline.

MetLife Investment Management LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,662 shares of the construction company's stock after selling 3,525 shares during the quarter. MetLife Investment Management LLC's holdings in D.R. Horton were worth $9,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DHI. Olde Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd increased its position 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 acquiring an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at about $34,000. Itau Unibanco Holding S.A. acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $43,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of D.R. Horton in the first quarter valued at about $61,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction that occurred 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 sale, the director owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent research reports. Wedbush lifted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. UBS Group lifted their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Trading Down 0.3%

D.R. Horton stock opened at $168.41 on Wednesday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The stock has a market capitalization of $50.21 billion, a P/E ratio of 13.51, a PEG ratio of 3.59 and a beta of 1.34. The stock has a 50-day simple moving average of $144.22 and a 200 day simple moving average of $131.60.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the previous year, the company posted $4.10 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's payout ratio is currently 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.

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