3,804 D.R. Horton, Inc. $DHI Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 23.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,383 shares of the construction company’s stock after selling 3,804 shares during the quarter. 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 institutional investors have also made changes to their positions in DHI. BlackRock Inc. purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $4,067,842,000. Bank of America Corp DE acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $477,358,000. Bank of New York Mellon Corp purchased a new position in shares of D.R. Horton during the 2nd quarter worth approximately $294,292,000. Legal & General Group Plc purchased a new position in shares of D.R. Horton during the 2nd quarter worth approximately $280,664,000. Finally, Deutsche Bank AG acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $201,077,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DHI. The Goldman Sachs Group reissued a “buy” rating and issued a $182.00 target price (down from $190.00) on shares of D.R. Horton in a research report on Monday, October 12th. Barclays dropped their price objective on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. Royal Bank Of Canada cut their price objective on D.R. Horton from $119.00 to $114.00 and set an “underperform” rating on the stock in a report on Friday, October 30th. Truist Financial cut their price objective on D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, September 16th. Finally, Bank of America lowered their target price on D.R. Horton from $150.00 to $145.00 in a report on Wednesday, October 7th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $151.33.

D.R. Horton Price Performance

D.R. Horton stock opened at $144.36 on Friday. The firm has a market cap of $40.38 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.88 and a beta of 1.35. D.R. Horton, Inc. has a 52-week low of $130.40 and a 52-week high of $170.79. The company has a quick ratio of 0.95, a current ratio of 6.01 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $141.62 and its two-hundred day moving average is $147.48.

D.R. Horton (NYSE:DHI) last posted 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). The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.07 billion. D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 9.58 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. D.R. Horton’s payout ratio is 17.75%.

Key Headlines Impacting D.R. Horton

Investors following DHI have been watching these headlines:

• 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: Zacks Research downgraded D.R. Horton from “hold” to “strong sell,” adding to concerns about the stock’s outlook. Zacks Research ratings
• 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?

D.R. Horton Company 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.