Mizuho Securities USA LLC Trims Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Mizuho Securities USA LLC reduced its holdings in D.R. Horton, Inc. by 17.8%, now owning 22,709 shares worth approximately $2.89 million.
• D.R. Horton recently reported earnings of $3.36 EPS, exceeding estimates, with revenue of $9.23 billion, which is a 7.4% decrease from the previous year.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 1.0%, set to be paid on August 14th.

Mizuho Securities USA LLC lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,709 shares of the construction company's stock after selling 4,930 shares during the period. Mizuho Securities USA LLC's holdings in D.R. Horton were worth $2,887,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Olde Wealth Management LLC purchased a new position in D.R. Horton during the 1st quarter valued at about $26,000. Bayforest Capital Ltd grew its holdings in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $43,000. Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton during the 1st quarter worth approximately $61,000. 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 acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DHI. Royal Bank Of Canada upped their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. UBS Group upped their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group reduced their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Bank of America reduced their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Performance

Shares of DHI opened at $156.35 on Monday. The business's fifty day simple moving average is $134.10 and its two-hundred day simple moving average is $129.50. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a market cap of $46.61 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 3.32 and a beta of 1.34.

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

D.R. Horton Announces Dividend

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 12.83%.

Insider Buying and Selling at D.R. Horton

In other 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 transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

About D.R. Horton

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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