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Highlights
- The firm trims its position in D.R. Horton by 49.4% in Q4.
- Large investors continue modifying positions in the homebuilder.
- R. Horton declares a quarterly dividend of $0.40 per share.
D.R. Horton Inc is part of NYSE Consumer Stocks and continues to capture market attention as institutional firms adjust their positions. Mutual Advisors LLC reduced its stake by 49.4% in Q4, while other large investors modified their holdings. The company reported strong earnings, surpassing estimates, and declared a quarterly dividend, reinforcing its position in the home construction industry.
Mutual Advisors LLC Lowers Position in D.R. Horton
Mutual Advisors LLC reduced its stake in D.R. Horton (NYSE:DHI) by 49.4% during Q4, according to its latest SEC filing. The firm held 1,430 shares of the construction company after selling 1,395 shares during the period. The total value of its remaining position stood at $210,000 at the end of the quarter.
Institutional Firms Adjust Market Positions
Several institutional firms have made modifications to their positions in D.R. Horton. TCI Wealth Advisors Inc. increased its position by 4.1% in Q3, while Covestor Ltd raised its holdings by 6.6%. Insigneo Advisory Services LLC expanded its position by 1.9%, and Azzad Asset Management Inc. ADV grew its stake by 0.8%. Additionally, Demars Financial Group LLC lifted its stake by 3.5% in Q3. Institutional firms and hedge funds now hold 90.63% of the company’s stock, reflecting substantial market participation.
Stock Performance and Market Metrics
D.R. Horton opened at $143.98 and has a 52-week trading range between $133.02 and $199.85. The stock has a 50-day simple moving average of $149.78 and a 200-day simple moving average of $169.31. The company holds a market capitalization of $46.19 billion. The stock maintains a debt-to-equity ratio of 0.20, a current ratio of 6.92, and a quick ratio of 1.61, highlighting financial stability.
Quarterly Earnings and Financial Results
D.R. Horton reported earnings per share of $2.61 for the latest quarter, surpassing market estimates of $2.37. The company’s revenue stood at $7.61 billion, exceeding analyst expectations of $7.12 billion. D.R. Horton achieved a net margin of 12.69% and a return on equity of 18.48%. Year-over-year revenue saw a slight decline of 1.5%, reflecting broader market conditions. In the same quarter last year, the company posted earnings per share of $2.82.
Dividend Announcement and Shareholder Returns
D.R. Horton declared a quarterly dividend of $0.40 per share, payable on February 14th. Shareholders of record as of February 7th will receive the dividend. The annualized dividend now stands at $1.60, offering a yield of 1.11%. The dividend payout ratio is currently 11.31%, demonstrating the company's commitment to consistent shareholder returns.
D.R. Horton’s Role in the Homebuilding Industry
D.R. Horton operates as a homebuilding company across multiple regions in the United States. The company focuses on acquiring and developing land while constructing and selling residential homes. With operations in 118 markets across 33 states, D.R. Horton remains a dominant player in the home construction industry.
