Czech National Bank lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,230 shares of the construction company’s stock after purchasing an additional 3,454 shares during the period. Czech National Bank’s holdings in D.R. Horton were worth $8,841,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. TCI Wealth Advisors Inc. lifted its holdings in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after acquiring an additional 58 shares during the last quarter. Covestor Ltd lifted its holdings in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after purchasing an additional 67 shares during the period. Azzad Asset Management Inc. ADV grew its stake in D.R. Horton by 0.8% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after buying an additional 72 shares during the last quarter. Finally, Demars Financial Group LLC increased its position in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
Insider Buying and Selling
In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.74% of the stock is currently owned by company insiders.
D.R. Horton Price Performance
D.R. Horton (NYSE:DHI – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm posted $4.45 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.
D.R. Horton Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.
Analyst Ratings Changes
DHI has been the subject of several analyst reports. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Evercore ISI cut their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada decreased their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $176.53.
View Our Latest Research Report on D.R. Horton
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.
Featured Articles
- Five stocks we like better than D.R. Horton
- Do ETFs Pay Dividends? What You Need to Know
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- Expert Stock Trading Psychology Tips
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI – Free Report).
Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.