D.R. Horton, Inc. $DHI Stake Lessened by Machina Capital S.A.S.

Machina Capital S.A.S. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 23.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,383 shares of the construction company’s stock after selling 3,804 shares during the period. Machina Capital S.A.S.’s holdings in D.R. Horton were worth $1,692,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DHI. Nemes Rush Group LLC grew its holdings in D.R. Horton by 1.1% during the 3rd quarter. Nemes Rush Group LLC now owns 127,743 shares of the construction company’s stock worth $17,456,000 after acquiring an additional 1,335 shares in the last quarter. AlphaCore Capital LLC increased its position in shares of D.R. Horton by 39.1% in the 3rd quarter. AlphaCore Capital LLC now owns 4,491 shares of the construction company’s stock valued at $614,000 after purchasing an additional 1,263 shares during the last quarter. Fulcrum Asset Management LLP raised its holdings in shares of D.R. Horton by 45.3% in the 3rd quarter. Fulcrum Asset Management LLP now owns 9,900 shares of the construction company’s stock valued at $1,380,000 after purchasing an additional 3,086 shares in the last quarter. Carret Asset Management LLC raised its holdings in shares of D.R. Horton by 1.0% in the 3rd quarter. Carret Asset Management LLC now owns 30,571 shares of the construction company’s stock valued at $4,178,000 after purchasing an additional 313 shares in the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of D.R. Horton by 6.0% in the 3rd quarter. Candriam S.C.A. now owns 32,655 shares of the construction company’s stock valued at $4,479,000 after purchasing an additional 1,862 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.1%

Shares of NYSE:DHI opened at $144.36 on Friday. The firm has a 50 day simple moving average of $141.62 and a 200-day simple moving average of $147.48. D.R. Horton, Inc. has a twelve month low of $130.40 and a twelve month high of $170.79. The company has a current ratio of 6.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $40.38 billion, a PE ratio of 14.24, a P/E/G ratio of 1.88 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.07 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. D.R. Horton’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts predict that D.R. Horton, Inc. will post 9.58 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.4%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, November 12th. D.R. Horton’s dividend payout ratio is presently 17.75%.

Top D.R. Horton Stories

These are some of the DHI stories that stood out recently:

• Neutral Sentiment: A dividend-analysis article was published, but the available information does not provide details on the payout or its implications for investors. D.R. Horton Inc’s Dividend Analysis
• Negative Sentiment: Melius Research maintains a “sell” rating and a $128 price target. Its estimates call for FY2027 EPS of $7.57 and FY2028 EPS of $9.12, signaling a relatively subdued earnings outlook. D.R. Horton analyst estimates
• Negative Sentiment: A Wall Street analyst overview says D.R. Horton has underperformed the broader market over the past year and that analysts remain cautious on its prospects. Do Wall Street Analysts Like D.R. Horton Stock?

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial lowered their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, September 16th. Wells Fargo & Company cut their price target on D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. The Goldman Sachs Group restated a “buy” rating and issued a $182.00 price target (down from $190.00) on shares of D.R. Horton in a research note on Monday, October 12th. Stonex Financial raised D.R. Horton to a “hold” rating in a report on Thursday, October 15th. Finally, Raymond James Financial cut D.R. Horton from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 3rd. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $151.33.

D.R. Horton Profile

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.