Applied Finance Capital Management LLC Sells 4,333 Shares of D.R. Horton, Inc. $DHI

Key Points

• Applied Finance Capital Management LLC sold 4,333 shares of D.R. Horton, reducing its holding by 2.4% to a total of 173,697 shares, making it the firm's 27th largest holding.
• D.R. Horton reported an earnings per share (EPS) of $3.36 for the most recent quarter, exceeding analysts' estimates, despite a 7.4% decrease in revenue year-over-year.
• The company announced a quarterly dividend of $0.40 per share, yielding 1.0% annually, with an ex-dividend date of August 7th.

Applied Finance Capital Management LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 173,697 shares of the construction company's stock after selling 4,333 shares during the quarter. D.R. Horton comprises approximately 1.5% of Applied Finance Capital Management LLC's holdings, making the stock its 27th largest holding. Applied Finance Capital Management LLC owned 0.06% of D.R. Horton worth $22,393,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in D.R. Horton by 51.0% during the first quarter. GAMMA Investing LLC now owns 7,211 shares of the construction company's stock valued at $917,000 after purchasing an additional 2,437 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of D.R. Horton by 6.5% during the 1st quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock valued at $270,000 after buying an additional 129 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of D.R. Horton by 25.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after acquiring an additional 511 shares during the last quarter. Sowell Financial Services LLC purchased a new position in D.R. Horton in the first quarter worth about $804,000. Finally, Sagespring Wealth Partners LLC increased its stake in D.R. Horton by 10.7% during the first quarter. Sagespring Wealth Partners LLC now owns 2,864 shares of the construction company's stock worth $364,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 1.6%

Shares of DHI stock opened at $152.77 on Friday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $195.50. The firm has a market capitalization of $45.54 billion, a PE ratio of 12.25, a P/E/G ratio of 3.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The stock's 50-day simple moving average is $167.14 and its 200-day simple moving average is $141.59.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

Analysts Set New Price Targets

Several research firms have commented on DHI. Citigroup lifted their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 1st. Royal Bank Of Canada raised their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wedbush upped 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. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an "in-line" rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $156.54.

Insider Transactions at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the transaction, the chairman owned 815,672 shares of the company's stock, valued at $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the transaction, the director owned 1,193 shares of the company's stock, valued at $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Company 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.

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