NorthCrest Asset Manangement LLC Sells 142 Shares of D.R. Horton, Inc. (NYSE:DHI)

NorthCrest Asset Manangement LLC reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.1% during the first quarter, Holdings Channel reports. The institutional investor owned 12,300 shares of the construction company’s stock after selling 142 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in D.R. Horton were worth $1,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC grew its stake in shares of D.R. Horton by 74.5% during the fourth 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. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at about $38,000. Sierra Ocean LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $43,000. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $43,000. Finally, Oarsman Capital Inc. boosted its holdings in shares of D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock worth $46,000 after purchasing an additional 198 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DHI shares. Bank of America dropped their target price on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Keefe, Bruyette & Woods dropped their target price on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. JMP Securities dropped their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Price Performance

DHI stock opened at $122.99 on Friday. The firm has a 50 day moving average price of $122.20 and a 200-day moving average price of $132.48. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market capitalization of $37.78 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. D.R. Horton’s payout ratio is currently 12.11%.

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.