D.R. Horton, Inc. $DHI Stake Cut by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in D.R. Horton, Inc. by 17.6%, selling 107,753 shares and holding approximately 0.16% of the company worth $63.9 million at the end of the quarter.
• Analysts have mixed ratings for D.R. Horton, with two sell ratings, seven hold ratings, six buy ratings, and one strong buy rating, reflecting a consensus rating of "Hold" and a target price of $153.23.
• D.R. Horton reported $3.36 EPS in its latest quarter, exceeding estimates, but its revenue decreased by 7.4% year-over-year, indicating potential challenges in the current housing market environment.

Russell Investments Group Ltd. lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 502,844 shares of the construction company's stock after selling 107,753 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of D.R. Horton worth $63,908,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DHI. Olde Wealth Management LLC bought a new position in D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd increased its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $43,000. Alpine Bank Wealth Management acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $61,000. Finally, Continuum Advisory LLC boosted its stake in D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after acquiring an additional 100 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DHI shares. JMP Securities reduced their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Barclays dropped their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Royal Bank Of Canada boosted their target price on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Price Performance

DHI traded up $0.78 during midday trading on Monday, hitting $166.40. 2,050,308 shares of the company traded hands, compared to its average volume of 3,798,110. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $138.23 and a two-hundred day simple moving average of $130.11. The company has a market capitalization of $49.61 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 3.51 and a beta of 1.34. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week 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 company had revenue of $9.23 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.10 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

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.