M&T Bank Corp Sells 3,621 Shares of D.R. Horton, Inc. (NYSE:DHI)

M&T Bank Corp trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 19.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,830 shares of the construction company's stock after selling 3,621 shares during the period. M&T Bank Corp's holdings in D.R. Horton were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Exchange Traded Concepts LLC boosted its position in shares of D.R. Horton by 25.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after acquiring an additional 511 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the period. OneAscent Financial Services LLC grew its position in shares of D.R. Horton by 21.2% during the 4th quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock valued at $465,000 after purchasing an additional 582 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of D.R. Horton by 6.5% in the first quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock worth $270,000 after purchasing an additional 129 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of D.R. Horton by 34.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 46,215 shares of the construction company's stock worth $5,875,000 after buying an additional 11,905 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Down 2.0%

DHI opened at $136.79 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The business's 50-day moving average price is $125.12 and its 200-day moving average price is $129.23. The company has a market cap of $42.02 billion, a P/E ratio of 10.36, a P/E/G ratio of 4.27 and a beta of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same period last year, the firm earned $3.52 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of D.R. Horton from a "hold" rating to a "sell" rating in a research report on Saturday. Royal Bank Of Canada decreased their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Finally, JMP Securities dropped their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $151.15.

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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