Chevy Chase Trust Holdings LLC Sells 4,290 Shares of D.R. Horton, Inc. (NYSE:DHI)

Chevy Chase Trust Holdings LLC decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 149,046 shares of the construction company’s stock after selling 4,290 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in D.R. Horton were worth $18,948,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC grew its position in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock worth $1,221,000 after purchasing an additional 89 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after purchasing an additional 91 shares during the last quarter. Blair William & Co. IL increased its stake in shares of D.R. Horton by 0.3% in the fourth quarter. Blair William & Co. IL now owns 36,782 shares of the construction company’s stock valued at $5,143,000 after buying an additional 95 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company’s stock valued at $446,000 after buying an additional 98 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHI has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Bank of America lowered their target price on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average target price of $151.15.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director now owns 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

D.R. Horton Trading Down 1.8%

NYSE DHI opened at $127.34 on Thursday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a 50-day simple moving average of $123.05 and a 200 day simple moving average of $130.49. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $39.12 billion, a PE ratio of 9.64, a P/E/G ratio of 4.05 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period last year, the company earned $3.52 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton’s dividend payout ratio is 12.11%.

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.