D.R. Horton, Inc. $DHI Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 25.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 49,061 shares of the construction company’s stock after selling 16,330 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in D.R. Horton were worth $6,704,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DHI. Caitlin John LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at about $25,000. Fiduciary Financial Advisors acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $25,000. Compass Wealth Management LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at approximately $27,000. Bell Investment Advisors Inc bought a new stake in D.R. Horton in the 2nd quarter valued at approximately $32,000. Finally, Compass Financial Management LLC bought a new stake in D.R. Horton in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DHI. Royal Bank Of Canada reduced their price target on D.R. Horton from $119.00 to $114.00 and set an “underperform” rating for the company in a research report on Friday, October 30th. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $160.00 to $152.00 in a research report on Thursday, October 22nd. BTIG Research restated a “buy” rating and set a $174.00 target price (down from $184.00) on shares of D.R. Horton in a report on Tuesday, September 22nd. Finally, Stonex Financial raised shares of D.R. Horton to a “hold” rating in a research report on Thursday, October 15th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $151.33.

Top D.R. Horton Stories

Investors following DHI have been watching these stories:

• 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?

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $144.36 on Friday. The stock has a 50 day moving average price of $141.62 and a 200 day moving average price of $147.48. D.R. Horton, Inc. has a 52 week low of $130.40 and a 52 week high of $170.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 6.01. The stock has a market capitalization of $40.38 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.34). The company had revenue of $9.37 billion for 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 firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $3.04 EPS. Analysts predict that D.R. Horton, Inc. will post 9.58 earnings per share 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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.45. D.R. Horton’s payout ratio is currently 17.75%.

About D.R. Horton

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.