Janney Montgomery Scott LLC Has $2.98 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Janney Montgomery Scott LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 4.9% during the first quarter, Holdings Channel reports. The firm owned 23,446 shares of the construction company’s stock after selling 1,201 shares during the period. Janney Montgomery Scott LLC’s holdings in D.R. Horton were worth $2,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in D.R. Horton in the 4th quarter valued at about $593,363,000. Franklin Resources Inc. boosted its position in shares of D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after acquiring an additional 1,490,648 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company’s stock worth $116,544,000 after acquiring an additional 911,960 shares in the last quarter. Two Sigma Investments LP increased its stake in D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company’s stock valued at $122,712,000 after acquiring an additional 832,358 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in D.R. Horton during the fourth quarter valued at approximately $98,720,000. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director now owns 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Stock Up 0.8%

Shares of NYSE DHI opened at $129.65 on Wednesday. The company has a 50 day simple moving average of $122.86 and a 200 day simple moving average of $130.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm has a market cap of $39.82 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 4.02 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same quarter last year, the company posted $3.52 earnings per share. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s dividend payout ratio is currently 12.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DHI shares. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. 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 Finally, JMP Securities reduced 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 research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $151.15.

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.