Northern Trust Corp Has $410.03 Million Holdings in D.R. Horton, Inc. $DHI

Key Points

• Northern Trust Corp has reduced its stake in D.R. Horton, Inc. by 4.4%, selling 149,759 shares, which leaves them with approximately 3.2 million shares valued at $410 million.
• Several institutional investors increased their holdings in D.R. Horton during the fourth quarter, indicating strong institutional interest, with 90.63% of the stock now owned by such investors.
• D.R. Horton reported earnings of $3.36 per share, exceeding expectations, and announced a quarterly dividend of $0.40 per share, representing a yield of 1.0% based on an annualized amount.

Northern Trust Corp lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,225,291 shares of the construction company's stock after selling 149,759 shares during the quarter. Northern Trust Corp owned about 1.05% of D.R. Horton worth $410,031,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. boosted its stake in shares of D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after acquiring an additional 101,643 shares in the last quarter. MQS Management LLC bought a new stake in shares of D.R. Horton during the 1st quarter worth about $1,132,000. Leavell Investment Management Inc. boosted its stake in shares of D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after acquiring an additional 549 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of D.R. Horton by 25.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after acquiring an additional 511 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its stake in shares of D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after acquiring an additional 5,052 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the firm'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 value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI stock traded down $1.2540 during mid-day trading on Monday, reaching $169.4260. The stock had a trading volume of 1,346,342 shares, compared to its average volume of 3,811,407. The firm's 50 day simple moving average is $142.34 and its 200 day simple moving average is $131.06. 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, Inc. has a one year low of $110.44 and a one year high of $199.85. The firm has a market cap of $50.51 billion, a PE ratio of 13.59, a P/E/G ratio of 3.63 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 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 the consensus estimate of $8.80 billion. During the same quarter last year, the company earned $4.10 EPS. The company's quarterly 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. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group increased their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods increased their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Wedbush increased their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $153.23.

D.R. Horton 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.