Aron Odom Sells 1,376 Shares of D.R. Horton (NYSE:DHI) Stock

Key Points

• Aron Odom, Senior Vice President of D.R. Horton, sold 1,376 shares of the company stock at an average price of $183.00, reducing his position by 17.57% to 6,457 shares valued at approximately $1.18 million.
• D.R. Horton announced a quarterly dividend of $0.40 per share, representing an annualized yield of 0.9%, and a dividend payout ratio of 12.83%.
• The company reported Q2 earnings with an EPS of $3.36, exceeding analysts' expectations, but experienced a year-over-year revenue decline of 7.4%.

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) SVP Aron Odom sold 1,376 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. This represents a 17.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

D.R. Horton Trading Down 3.3%

DHI stock traded down $6.10 during trading on Tuesday, hitting $177.94. The company had a trading volume of 3,834,143 shares, compared to its average volume of 3,794,653. 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 market capitalization of $53.05 billion, a P/E ratio of 14.27, a PEG ratio of 3.87 and a beta of 1.36. The company has a 50 day simple moving average of $152.69 and a 200-day simple moving average of $134.41. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for 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 company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research 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 announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Institutional Trading of D.R. Horton

A number of institutional investors have recently bought and sold shares of the stock. Reynders McVeigh Capital Management LLC acquired a new stake in D.R. Horton in the 2nd quarter worth approximately $206,000. Osaic Holdings Inc. boosted its stake in D.R. Horton by 101.9% in the 2nd quarter. Osaic Holdings Inc. now owns 60,722 shares of the construction company's stock worth $7,787,000 after purchasing an additional 30,645 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in D.R. Horton by 5.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 31,061 shares of the construction company's stock worth $4,004,000 after purchasing an additional 1,731 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in D.R. Horton by 42.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 776,070 shares of the construction company's stock worth $100,048,000 after purchasing an additional 229,597 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new stake in D.R. Horton in the 2nd quarter worth approximately $296,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. UBS Group raised their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $154.38.

About D.R. Horton

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.

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