Checchi Capital Advisers LLC Reduces Position in D.R. Horton, Inc. (NYSE:DHI)

Checchi Capital Advisers LLC cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,251 shares of the construction company’s stock after selling 176 shares during the quarter. Checchi Capital Advisers LLC’s holdings in D.R. Horton were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in D.R. Horton by 25.0% during the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company’s stock valued at $325,000 after purchasing an additional 511 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock worth $44,626,000 after buying an additional 5,052 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of D.R. Horton by 21.2% in the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company’s stock worth $465,000 after buying an additional 582 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of D.R. Horton by 6.5% in the first quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company’s stock worth $270,000 after buying an additional 129 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of D.R. Horton by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,452 shares of the construction company’s stock worth $5,778,000 after buying an additional 1,095 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.6%

Shares of NYSE DHI opened at $132.08 on Friday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. The firm’s 50 day simple moving average is $124.15 and its two-hundred day simple moving average is $129.46. The stock has a market capitalization of $40.57 billion, a P/E ratio of 10.00, a PEG ratio of 4.12 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the previous year, the business earned $3.52 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s payout ratio is currently 12.11%.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. Bank of America lowered their price target on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $151.15.

About D.R. Horton

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.