Alliancebernstein L.P. Sells 159,740 Shares of D.R. Horton, Inc. $DHI

Key Points

• Alliancebernstein L.P. has reduced its stake in D.R. Horton, Inc. by 29.0%, now holding 391,961 shares valued at approximately $49.83 million.
• Other institutional investors significantly increased their positions in D.R. Horton, with Allspring Global Investments raising their stake by 652.0%, now owning almost 1.98 million shares.
• D.R. Horton reported earnings of $3.36 per share for the latest quarter, surpassing estimates, despite a 7.4% year-over-year revenue decline.

Alliancebernstein L.P. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 29.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 391,961 shares of the construction company's stock after selling 159,740 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of D.R. Horton worth $49,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Horizon Investments LLC lifted its holdings in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after buying an additional 83 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in D.R. Horton by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after acquiring an additional 89 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after acquiring an additional 98 shares during the last quarter. Continuum Advisory LLC grew its position in shares of D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after purchasing an additional 100 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its holdings in shares of D.R. Horton by 4.2% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock worth $322,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 1.5%

DHI stock traded down $2.72 during mid-day trading on Friday, reaching $178.30. 980,729 shares of the stock traded hands, compared to its average volume of 3,768,768. The stock has a market capitalization of $53.15 billion, a PE ratio of 14.30, a PEG ratio of 3.73 and a beta of 1.36. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The business has a 50-day moving average price of $155.37 and a two-hundred day moving average price of $135.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. The company 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 firm's revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given 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 dividend payout ratio is 12.83%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,526 shares of company stock valued at $6,173,403 in the last quarter. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. UBS Group boosted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wedbush boosted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One research 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 data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average target price 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.