Parnassus Investments LLC Sells 2,797,095 Shares of D.R. Horton, Inc. $DHI

Parnassus Investments LLC trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 68.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,301,393 shares of the construction company’s stock after selling 2,797,095 shares during the quarter. Parnassus Investments LLC’s holdings in D.R. Horton were worth $165,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its stake in D.R. Horton by 1,710.0% in the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company’s stock worth $13,678,000 after purchasing an additional 101,643 shares during the period. MQS Management LLC bought a new position in D.R. Horton in the 1st quarter worth approximately $1,132,000. Leavell Investment Management Inc. boosted its stake in D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company’s stock worth $423,000 after purchasing an additional 549 shares during the period. Exchange Traded Concepts LLC boosted its stake in D.R. Horton by 25.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company’s stock worth $325,000 after purchasing an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its stake in D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock worth $44,626,000 after purchasing an additional 5,052 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada increased their target price on D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a research report on Wednesday, July 23rd. UBS Group increased their target price on D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Wedbush increased their target price on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Keefe, Bruyette & Woods increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $153.23.

D.R. Horton Stock Performance

NYSE:DHI opened at $168.98 on Friday. The stock’s fifty day moving average is $146.10 and its 200 day moving average is $132.11. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The firm has a market capitalization of $50.37 billion, a PE ratio of 13.55, a PEG ratio of 3.56 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating 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 analyst estimates of $8.80 billion. During the same quarter in the prior year, the firm posted $4.10 EPS. D.R. Horton’s quarterly 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. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

D.R. Horton 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.