Mutual of America Capital Management LLC Has $5.48 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Mutual of America Capital Management LLC decreased its stake in D.R. Horton, Inc. by 7.1%, holding 43,098 shares worth approximately $5.48 million at the end of the quarter.
• Other institutional investors, such as Allspring Global Investments and GAMMA Investing, made significant increases in their positions in D.R. Horton, with Allspring increasing its holdings by 652% and GAMMA by 19,102%.
• D.R. Horton reported earnings of $3.36 per share for the latest quarter, exceeding analysts' expectations, despite a 7.4% year-over-year decline in revenue to $9.23 billion.

Mutual of America Capital Management LLC decreased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,098 shares of the construction company's stock after selling 3,297 shares during the quarter. Mutual of America Capital Management LLC's holdings in D.R. Horton were worth $5,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after purchasing an additional 1,718,094 shares during the last quarter. GAMMA Investing LLC increased its holdings in D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of D.R. Horton by 1,838.0% in the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after acquiring an additional 832,358 shares during the last quarter. First Trust Advisors LP raised its holdings in D.R. Horton by 34.0% in the fourth quarter. First Trust Advisors LP now owns 2,133,159 shares of the construction company's stock worth $298,258,000 after purchasing an additional 540,737 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in D.R. Horton by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock worth $374,312,000 after buying an additional 476,816 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Down 0.1%

DHI opened at $153.98 on Friday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a fifty day moving average of $132.61 and a 200-day moving average of $129.60. The stock has a market cap of $45.91 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 3.27 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share 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 firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the business posted $4.10 EPS. The business's revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's payout ratio is 12.83%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DHI shares. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group lowered their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods increased their price objective on shares of 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 upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Wells Fargo & Company lifted their price objective on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus target price of $153.23.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm'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 transaction of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.54% of the company's stock.

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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