Weaver Capital Management LLC Has $331,000 Stake in D.R. Horton, Inc. (NYSE:DHI)

Weaver Capital Management LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 47.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,605 shares of the construction company's stock after selling 2,389 shares during the quarter. Weaver Capital Management LLC's holdings in D.R. Horton were worth $331,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. 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 in the last quarter. OneAscent Financial Services LLC raised its stake in D.R. Horton by 21.2% during the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock worth $465,000 after acquiring an additional 582 shares in the last quarter. Proficio Capital Partners LLC raised its stake in D.R. Horton by 59.5% during the fourth quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock worth $263,000 after acquiring an additional 701 shares in the last quarter. Simon Quick Advisors LLC raised its stake in D.R. Horton by 12.6% during the first quarter. Simon Quick Advisors LLC now owns 1,650 shares of the construction company's stock worth $210,000 after acquiring an additional 185 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in D.R. Horton by 1.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 115,328 shares of the construction company's stock worth $16,125,000 after acquiring an additional 1,803 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Up 2.4%

NYSE:DHI opened at $124.17 on Friday. The firm's fifty day moving average is $122.51 and its 200-day moving average is $131.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The firm has a market cap of $38.14 billion, a P/E ratio of 9.40, a P/E/G ratio of 3.79 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the company posted $3.52 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Analyst Ratings Changes

Several research analysts have recently issued reports on DHI shares. Keefe, Bruyette & Woods lowered their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. BTIG Research lowered their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note 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. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Bank of America lowered their price objective on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $151.15.

D.R. Horton 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.

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