First Sabrepoint Capital Management LP Sells 5,551 Shares of D.R. Horton, Inc. (NYSE:DHI)

First Sabrepoint Capital Management LP reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,949 shares of the construction company's stock after selling 5,551 shares during the quarter. D.R. Horton comprises 0.7% of First Sabrepoint Capital Management LP's holdings, making the stock its 29th biggest position. First Sabrepoint Capital Management LP's holdings in D.R. Horton were worth $2,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC boosted its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton in the fourth quarter worth $30,000. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after acquiring an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the fourth quarter valued at about $38,000. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton in the fourth quarter worth approximately $43,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI traded down $3.42 during trading hours on Wednesday, hitting $122.94. The stock had a trading volume of 1,765,504 shares, compared to its average volume of 2,963,379. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The firm has a market capitalization of $37.76 billion, a PE ratio of 8.69, a PEG ratio of 0.54 and a beta of 1.45. The stock has a fifty day moving average price of $125.10 and a 200 day moving average price of $139.74.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the firm posted $3.52 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America dropped their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 BTIG Research decreased their price target on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a 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. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Barclays dropped their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Finally, The Goldman Sachs Group dropped their price objective 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.