TFR Capital LLC. Sells 10,210 Shares of D.R. Horton, Inc. (NYSE:DHI)

TFR Capital LLC. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 79.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,571 shares of the construction company's stock after selling 10,210 shares during the quarter. TFR Capital LLC.'s holdings in D.R. Horton were worth $327,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DHI. Stephens Inc. AR boosted its stake in D.R. Horton by 9.1% in the first quarter. Stephens Inc. AR now owns 3,819 shares of the construction company's stock valued at $485,000 after acquiring an additional 319 shares during the period. Arizona State Retirement System lifted its holdings in shares of D.R. Horton by 1.0% in the 1st quarter. Arizona State Retirement System now owns 84,738 shares of the construction company's stock worth $10,773,000 after purchasing an additional 847 shares during the last quarter. Ballentine Partners LLC boosted its position in D.R. Horton by 1.6% during the 1st quarter. Ballentine Partners LLC now owns 7,057 shares of the construction company's stock valued at $897,000 after purchasing an additional 111 shares during the period. SkyOak Wealth LLC grew its stake in D.R. Horton by 13.6% during the 1st quarter. SkyOak Wealth LLC now owns 1,935 shares of the construction company's stock worth $246,000 after buying an additional 231 shares during the last quarter. Finally, Xponance Inc. increased its position in D.R. Horton by 13.2% in the first quarter. Xponance Inc. now owns 44,764 shares of the construction company's stock worth $5,691,000 after buying an additional 5,233 shares during the period. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on DHI. BTIG Research lowered their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

NYSE:DHI traded down $2.83 during mid-day trading on Friday, reaching $136.79. 4,065,493 shares of the stock were exchanged, compared to its average volume of 3,163,189. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $42.02 billion, a PE ratio of 10.36, a PEG ratio of 4.27 and a beta of 1.38. The business has a fifty day moving average price of $125.12 and a 200 day moving average price of $129.23.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. During the same quarter in the previous year, the firm earned $3.52 earnings per share. Research 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 business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business'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 sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Company 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.