Plato Investment Management Ltd Decreases Holdings in D.R. Horton, Inc. $DHI

Plato Investment Management Ltd cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,459 shares of the construction company’s stock after selling 2,376 shares during the quarter. Plato Investment Management Ltd’s holdings in D.R. Horton were worth $702,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Bank Pictet & Cie Europe AG grew its stake in shares of D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock worth $44,626,000 after acquiring an additional 5,052 shares during the period. Focus Partners Wealth grew its stake in shares of D.R. Horton by 8.7% during the 4th quarter. Focus Partners Wealth now owns 32,697 shares of the construction company’s stock worth $4,573,000 after acquiring an additional 2,627 shares during the period. Janus Henderson Group PLC grew its stake in shares of D.R. Horton by 27.5% during the 4th quarter. Janus Henderson Group PLC now owns 46,083 shares of the construction company’s stock worth $6,443,000 after acquiring an additional 9,950 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of D.R. Horton by 928.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 30,460 shares of the construction company’s stock worth $4,259,000 after acquiring an additional 27,499 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new position in shares of D.R. Horton during the 4th quarter worth $420,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the subject of several research reports. Wedbush increased their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. 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. Wells Fargo & Company raised their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Royal Bank Of Canada raised their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” 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, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $154.38.

D.R. Horton Stock Performance

Shares of DHI opened at $181.25 on Friday. The company has a market cap of $54.03 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 3.73 and a beta of 1.36. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $155.37 and a 200-day moving average price of $135.38. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. The firm 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%.The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the company 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 Announces Dividend

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

Insider Activity

In other news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director owned 1,193 shares in the company, valued at approximately $215,622.82. This trade represents a 45.60% 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 firm’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 transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,526 shares of company stock worth $6,173,403. 0.54% of the stock is currently owned by insiders.

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.