Raymond James Financial Inc. Trims Holdings in D.R. Horton, Inc. $DHI

Key Points

• Raymond James Financial Inc. reduced its position in D.R. Horton, Inc. by 37.4%, selling 264,001 shares to end the quarter with 442,053 shares valued at approximately $56.2 million.
• D.R. Horton reported earnings of $3.36 per share for the last quarter, exceeding analyst expectations, but its quarterly revenue decreased by 7.4% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 1.0% and a payout ratio of 12.83%.

Raymond James Financial Inc. trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,053 shares of the construction company's stock after selling 264,001 shares during the quarter. Raymond James Financial Inc. owned 0.14% of D.R. Horton worth $56,198,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DHI. Edgestream Partners L.P. lifted its holdings in 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 valued at $13,678,000 after buying an additional 101,643 shares in the last quarter. MQS Management LLC bought a new position in D.R. Horton in the 1st quarter worth about $1,132,000. Leavell Investment Management Inc. increased its position in shares of D.R. Horton by 19.8% during the first 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 during the period. Exchange Traded Concepts LLC raised its stake in shares of D.R. Horton by 25.0% during 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 in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its stake in shares of D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after acquiring an additional 5,052 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock opened at $163.1490 on Thursday. The business's fifty day simple moving average is $140.67 and its 200-day simple moving average is $130.76. The company has a market cap of $48.64 billion, a PE ratio of 13.08, a PEG ratio of 3.56 and a beta of 1.34. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. D.R. Horton's dividend payout ratio is presently 12.83%.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods lifted 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 note on Thursday, July 24th. Wedbush lifted 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 note on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted 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 note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, D.R. Horton presently has a consensus 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.

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