Argent Capital Management LLC Buys 2,039 Shares of D.R. Horton, Inc. $DHI

Key Points

• Argent Capital Management LLC increased its stake in D.R. Horton, Inc. by 0.4% in Q2, acquiring an additional 2,039 shares, making it the 19th largest position in their portfolio.
• D.R. Horton reported earnings of $3.36 per share for Q2, surpassing estimates and achieving a net margin of 11.46%, despite a year-over-year revenue decline of 7.4%.
• The company declared a quarterly dividend of $0.40, which translates to an annualized yield of 1.0% and indicates a relatively low payout ratio of 12.83%.

Argent Capital Management LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,650 shares of the construction company's stock after acquiring an additional 2,039 shares during the quarter. D.R. Horton makes up approximately 2.0% of Argent Capital Management LLC's portfolio, making the stock its 19th largest position. Argent Capital Management LLC owned about 0.18% of D.R. Horton worth $70,345,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DHI. Olde Wealth Management LLC bought a new stake in D.R. Horton in the 1st quarter worth about $26,000. Bayforest Capital Ltd boosted its stake in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after buying an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter valued at approximately $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton during the first quarter valued at approximately $51,000. Finally, Adirondack Trust Co. lifted its holdings in D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock worth $52,000 after acquiring an additional 141 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Down 2.4%

Shares of DHI stock opened at $164.22 on Tuesday. The company has a market capitalization of $48.96 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 3.57 and a beta of 1.36. 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 business's fifty day moving average is $160.32 and its 200 day moving average is $137.49. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $195.50.

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

D.R. Horton Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's payout ratio is currently 12.83%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DHI. Keefe, Bruyette & Woods raised their target price 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. Royal Bank Of Canada raised their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wells Fargo & Company raised their price target 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. Finally, UBS Group lifted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $158.23.

Insider Transactions at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman owned 815,672 shares of the company's stock, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director owned 1,193 shares in the company, valued at $215,622.82. The trade was a 45.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock valued at $5,898,848 in the last quarter. Insiders own 0.54% of the company's stock.

D.R. Horton 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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