Fred Alger Management LLC Sells 582 Shares of D.R. Horton, Inc. $DHI

Fred Alger Management LLC lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,662 shares of the construction company’s stock after selling 582 shares during the period. Fred Alger Management LLC’s holdings in D.R. Horton were worth $1,864,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Stance Capital LLC bought a new stake in D.R. Horton during the 1st quarter valued at $3,666,000. UniSuper Management Pty Ltd raised its holdings in shares of D.R. Horton by 7.5% in the first quarter. UniSuper Management Pty Ltd now owns 26,002 shares of the construction company’s stock valued at $3,306,000 after acquiring an additional 1,807 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in D.R. Horton in the first quarter worth about $669,000. NewEdge Advisors LLC grew its holdings in D.R. Horton by 19.3% during the 1st quarter. NewEdge Advisors LLC now owns 19,893 shares of the construction company’s stock worth $2,529,000 after acquiring an additional 3,225 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of D.R. Horton by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,323 shares of the construction company’s stock worth $4,236,000 after purchasing an additional 1,077 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $177.94 on Wednesday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The firm has a market capitalization of $53.05 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 3.91 and a beta of 1.36. The stock’s 50-day simple moving average is $153.57 and its 200-day simple moving average is $134.71.

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s payout ratio is presently 12.83%.

Insider Activity

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares of the company’s stock, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,526 shares of company stock valued at $6,173,403 over the last ninety days. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DHI shares. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Wedbush lifted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, UBS Group increased their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $154.38.

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.