Comerica Bank Sells 60,321 Shares of D.R. Horton, Inc. $DHI

Comerica Bank decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 51.6% during the 1st quarter, Holdings Channel reports. The firm owned 56,543 shares of the construction company’s stock after selling 60,321 shares during the quarter. Comerica Bank’s holdings in D.R. Horton were worth $7,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the 1st quarter valued at about $26,000. Bayforest Capital Ltd boosted its position in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in shares of D.R. Horton during the 1st quarter valued at about $34,000. Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $43,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of D.R. Horton during the 1st quarter valued at about $61,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.5%

DHI stock opened at $167.54 on Thursday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $145.15 and its 200-day moving average is $131.84. The firm has a market capitalization of $49.95 billion, a PE ratio of 13.44, a P/E/G ratio of 3.58 and a beta of 1.34.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.D.R. Horton’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 12.83%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares of the company’s stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Royal Bank Of Canada increased their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd. Wedbush increased their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Wells Fargo & Company increased their price target on D.R. Horton from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.23.

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.