Teza Capital Management LLC Has $568,000 Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Teza Capital Management LLC significantly reduced its stake in D.R. Horton, Inc. by 85.5% during the first quarter, leaving it with only 4,470 shares valued at approximately $568,000.
• Various institutional investors have made contrasting moves, with Edgestream Partners L.P. increasing its position by an impressive 1,710% during the same period.
• D.R. Horton reported earnings of $3.36 per share for the last quarter, exceeding analysts' expectations, despite a 7.4% decline in revenue compared to the previous year.

Teza Capital Management LLC lowered its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 85.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,470 shares of the construction company's stock after selling 26,441 shares during the quarter. Teza Capital Management LLC's holdings in D.R. Horton were worth $568,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. UniSuper Management Pty Ltd raised its position in shares of D.R. Horton by 7.5% during the first quarter. UniSuper Management Pty Ltd now owns 26,002 shares of the construction company's stock worth $3,306,000 after acquiring an additional 1,807 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of D.R. Horton during the first quarter worth $669,000. NewEdge Advisors LLC raised its position in shares of D.R. Horton by 19.3% during the first quarter. NewEdge Advisors LLC now owns 19,893 shares of the construction company's stock worth $2,529,000 after acquiring an additional 3,225 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of D.R. Horton by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,323 shares of the construction company's stock worth $4,236,000 after acquiring an additional 1,077 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock worth $538,000 after acquiring an additional 803 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company's stock, valued at $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock valued at $6,173,403 over the last three months. Company insiders own 0.54% of the company's stock.

D.R. Horton Trading Down 1.7%

NYSE:DHI traded down $3.15 on Friday, reaching $177.86. The company's stock had a trading volume of 2,368,958 shares, compared to its average volume of 3,510,389. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The firm has a market cap of $53.02 billion, a PE ratio of 14.26, a PEG ratio of 3.84 and a beta of 1.36. The business's 50-day moving average price is $156.28 and its two-hundred day moving average price is $135.74.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the firm earned $4.10 earnings per share. The company's revenue 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. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

Analysts Set New Price Targets

DHI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. UBS Group boosted their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Royal Bank Of Canada upped their price objective on 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 D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company 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.