Royal Bank of Canada Has $75.66 Million Stake in D.R. Horton, Inc. $DHI

Key Points

• Royal Bank of Canada reduced its stake in D.R. Horton by 29.0%, selling 243,354 shares, with its total ownership now at 595,126 shares valued at approximately $75.7 million.
• Analysts have been raising price targets for D.R. Horton, with estimates ranging from $161.00 to $187.00, while maintaining varying ratings including "buy," "hold," and "sell."
• D.R. Horton reported earnings of $3.36 per share, exceeding expectations, while also announcing a quarterly dividend of $0.40, marking an annual yield of 0.9%.

Royal Bank of Canada decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 29.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 595,126 shares of the construction company's stock after selling 243,354 shares during the period. Royal Bank of Canada owned about 0.19% of D.R. Horton worth $75,661,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Bank Pictet & Cie Europe AG raised its stake in 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 worth $44,626,000 after acquiring an additional 5,052 shares during the period. Aptus Capital Advisors LLC raised its stake in D.R. Horton by 3.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after acquiring an additional 98 shares during the period. Algert Global LLC raised its stake in D.R. Horton by 16.6% during the fourth quarter. Algert Global LLC now owns 26,895 shares of the construction company's stock worth $3,760,000 after acquiring an additional 3,824 shares during the period. Caxton Associates LP increased its stake in shares of D.R. Horton by 243.4% in the fourth quarter. Caxton Associates LP now owns 5,261 shares of the construction company's stock valued at $736,000 after purchasing an additional 3,729 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of D.R. Horton by 1.0% in the fourth quarter. Captrust Financial Advisors now owns 66,471 shares of the construction company's stock valued at $9,294,000 after purchasing an additional 676 shares during the period. Institutional investors own 90.63% of the company's stock.

Insiders Place Their Bets

In related 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 directly owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.54% of the company's stock.

D.R. Horton Price Performance

NYSE:DHI traded up $4.99 during trading hours on Friday, reaching $181.68. 3,748,481 shares of the company's stock were exchanged, compared to its average volume of 3,557,427. The company has a market capitalization of $54.16 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 3.87 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. The business's 50-day simple moving average is $151.59 and its two-hundred day simple moving average is $133.97.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its 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. The firm had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last 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. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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 note on Tuesday, September 2nd. UBS Group raised their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. 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 note on Thursday, July 24th. Royal Bank Of Canada increased their price objective 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. Finally, Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $154.38.

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.