D.R. Horton (NYSE:DHI) Chairman Sells $5,466,300.00 in Stock

Key Points

• D.R. Horton Chairman David Auld sold 30,000 shares of the company's stock for a total of $5,466,300, decreasing his holdings by 3.55% to 815,672 shares.
• The company's recent quarterly earnings showed earnings per share (EPS) of $3.36, surpassing expectations and generating revenue of $9.23 billion, despite a 7.4% decline year-over-year.
• Wall Street analysts have varied outlooks on D.R. Horton, with target prices ranging from $105 to $190, indicating a mix of "buy," "hold," and "sell" ratings among equities analysts.

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the transaction, the chairman directly owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

D.R. Horton Price Performance

Shares of DHI traded down $3.15 during mid-day trading on Friday, reaching $177.86. 2,368,958 shares of the company's stock were exchanged, compared to its average volume of 3,510,389. 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 company has a 50-day simple moving average of $156.28 and a two-hundred day simple moving average of $135.69. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a market cap of $53.02 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 3.84 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations 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 was down 7.4% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's payout ratio is presently 12.83%.

Analyst Upgrades and Downgrades

Several research firms have commented on DHI. UBS Group lifted 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 note on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods lifted 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, Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $154.38.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC lifted its holdings in shares of D.R. Horton by 4.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,878 shares of the construction company's stock valued at $500,000 after acquiring an additional 152 shares in the last quarter. Reynders McVeigh Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter valued at $206,000. Osaic Holdings Inc. lifted its holdings in shares of D.R. Horton by 101.9% during the 2nd quarter. Osaic Holdings Inc. now owns 60,722 shares of the construction company's stock valued at $7,787,000 after acquiring an additional 30,645 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of D.R. Horton by 5.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 31,061 shares of the construction company's stock valued at $4,004,000 after acquiring an additional 1,731 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of D.R. Horton by 42.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 776,070 shares of the construction company's stock valued at $100,048,000 after acquiring an additional 229,597 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

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.