D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 37.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 78,201 shares of the construction company's stock after selling 46,883 shares during the period. Moran Wealth Management LLC's holdings in D.R. Horton were worth $9,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC raised its position 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 worth $27,000 after purchasing an additional 82 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton during the fourth quarter valued at approximately $43,000. Oarsman Capital Inc. lifted its position 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 acquiring an additional 198 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of D.R. Horton in the fourth quarter worth approximately $54,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DHI shares. The Goldman Sachs Group decreased their price objective 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. Bank of America decreased their price target on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 BTIG Research lowered their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock 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. Barclays dropped their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Two equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Trading Down 0.1%

Shares of DHI stock traded down $0.12 during trading on Thursday, hitting $127.17. 3,016,668 shares of the stock traded hands, compared to its average volume of 3,086,710. The firm has a market capitalization of $39.06 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 4.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. The firm's fifty day moving average price is $123.05 and its 200-day moving average price is $130.49. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the business earned $3.52 EPS. As a group, research analysts forecast 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. Shareholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton's payout ratio is currently 12.11%.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.