Louisiana State Employees Retirement System Lowers Holdings in D.R. Horton, Inc. $DHI

Louisiana State Employees Retirement System lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,600 shares of the construction company’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in D.R. Horton were worth $1,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DHI. Allspring Global Investments Holdings LLC lifted its holdings in D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company’s stock worth $252,477,000 after buying an additional 1,718,094 shares during the period. Pacer Advisors Inc. lifted its holdings in D.R. Horton by 4,630.6% during the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company’s stock worth $214,984,000 after buying an additional 1,655,309 shares during the period. Amundi lifted its holdings in shares of D.R. Horton by 60.2% during the 1st quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after purchasing an additional 817,998 shares during the last quarter. Nuveen LLC purchased a new stake in shares of D.R. Horton during the 1st quarter valued at $98,382,000. Finally, Vanguard Group Inc. lifted its holdings in shares of D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock valued at $4,279,706,000 after purchasing an additional 642,642 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI opened at $151.30 on Friday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50. 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 has a market capitalization of $45.11 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 3.15 and a beta of 1.40. The stock’s 50-day moving average price is $167.13 and its 200-day moving average price is $140.95.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the firm posted $4.10 EPS. D.R. Horton’s revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect 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 Thursday, August 14th. Investors of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s payout ratio is presently 12.83%.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,376 shares of company stock worth $5,898,848. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DHI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a report on Wednesday. Citigroup increased their price objective on D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Bank of America reduced their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday. UBS Group raised their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $156.54.

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.