Commerce Bank Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Commerce Bank reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.2% in the 1st quarter, HoldingsChannel reports. The firm owned 63,973 shares of the construction company’s stock after selling 2,111 shares during the period. Commerce Bank’s holdings in D.R. Horton were worth $8,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its holdings in D.R. Horton by 1,710.0% during the first 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 in the last quarter. MQS Management LLC purchased a new position in D.R. Horton during the first quarter worth about $1,132,000. Leavell Investment Management Inc. raised its holdings in D.R. Horton by 19.8% during the first 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 in the last quarter. Exchange Traded Concepts LLC grew its position in D.R. Horton by 25.0% during the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company’s stock worth $325,000 after buying an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG grew its position in D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock worth $44,626,000 after buying an additional 5,052 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

DHI stock opened at $150.23 on Friday. 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 firm has a 50 day moving average of $130.51 and a two-hundred day moving average of $129.34. The company has a market capitalization of $44.79 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 3.19 and a beta of 1.34. 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 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 net margin of 11.46% and a return on equity of 15.74%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.10 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s payout ratio 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 D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director owned 2,193 shares of the company’s stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DHI shares. Bank of America lowered their price target on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. UBS Group raised their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, JMP Securities decreased their price target on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $153.23.

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.