Plato Investment Management Ltd Sells 2,376 Shares of D.R. Horton, Inc. $DHI

Key Points

• Plato Investment Management Ltd has decreased its holdings in D.R. Horton, Inc. by 30.3%, owning 5,459 shares worth $702,000 after selling 2,376 shares in the 1st quarter.
• Several large investors have increased their stakes in D.R. Horton, with Bank Pictet & Cie Europe AG now owning 319,166 shares and Jacobs Levy Equity Management Inc. increasing their stake by 928.7%.
• Analysts have set new price targets for D.R. Horton, with Wells Fargo raising theirs from $175.00 to $190.00, indicating a growing confidence in the company amidst fluctuating market conditions.

Plato Investment Management Ltd trimmed its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 30.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,459 shares of the construction company's stock after selling 2,376 shares during the quarter. Plato Investment Management Ltd's holdings in D.R. Horton were worth $702,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Horizon Investments LLC lifted its stake in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock valued at $708,000 after buying an additional 83 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after buying an additional 89 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of D.R. Horton by 2.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after purchasing an additional 98 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after purchasing an additional 100 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of D.R. Horton by 4.2% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock valued at $322,000 after purchasing an additional 101 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target 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. Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $154.38.

D.R. Horton Price Performance

NYSE:DHI traded down $5.88 during mid-day trading on Monday, hitting $171.99. 5,741,700 shares of the stock traded hands, compared to its average volume of 3,788,453. The business's 50-day moving average price is $156.28 and its 200 day moving average price is $135.81. The company has a market cap of $51.27 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 3.77 and a beta of 1.36. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. 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 data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the previous year, the company earned $4.10 earnings per share. D.R. Horton's revenue for the quarter 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 expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business'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 completion of the transaction, the director owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the transaction, the chairman directly owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,526 shares of company stock valued at $6,173,403 in the last quarter. Corporate 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.