State of New Jersey Common Pension Fund D Reduces Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in D.R. Horton, Inc. by 12.0%, selling 13,020 shares and ending the quarter with a total of 95,395 shares valued at approximately $12.13 million.
• Several other institutional investors have increased their positions in D.R. Horton, with Aberdeen Group plc leading with a 129.8% increase during the same period, now owning over 164,000 shares valued at about $20.76 million.
• D.R. Horton recently reported a quarterly earnings per share (EPS) of $3.36, exceeding expectations and showing a year-over-year revenue decrease of 7.4% despite a net margin of 11.46%.

State of New Jersey Common Pension Fund D lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 12.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,395 shares of the construction company's stock after selling 13,020 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in D.R. Horton were worth $12,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of D.R. Horton by 4.2% during the first quarter. EverSource Wealth Advisors LLC now owns 40,581 shares of the construction company's stock valued at $5,159,000 after acquiring an additional 1,650 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in shares of D.R. Horton by 4.9% during the first quarter. Brandywine Global Investment Management LLC now owns 240,041 shares of the construction company's stock valued at $30,516,000 after acquiring an additional 11,147 shares in the last quarter. Aberdeen Group plc increased its holdings in shares of D.R. Horton by 129.8% during the first quarter. Aberdeen Group plc now owns 164,583 shares of the construction company's stock valued at $20,760,000 after acquiring an additional 92,953 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of D.R. Horton by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock valued at $446,093,000 after buying an additional 33,412 shares during the last quarter. Finally, Horizon Investments LLC boosted its position in shares of D.R. Horton by 1.5% during 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 during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI traded down $1.8130 on Thursday, hitting $161.5570. 3,805,389 shares of the company's stock traded hands, compared to its average volume of 3,807,552. The company's 50 day simple moving average is $140.67 and its 200-day simple moving average is $130.76. The firm has a market cap of $48.16 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 3.56 and a beta of 1.34. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. 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 (NYSE:DHI - Get Free Report) last released its quarterly earnings data 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. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the company posted $4.10 EPS. The company's revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. D.R. Horton's payout ratio is presently 12.83%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton 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 sale, 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 legal filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on 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. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wedbush raised their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued 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 company has an average rating of "Hold" and an average target price of $153.23.

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.