Arkadios Wealth Advisors Lowers Stake in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Arkadios Wealth Advisors reduced its holdings in D.R. Horton, Inc. by 46.0% during the first quarter, now owning 2,655 shares worth $338,000 after selling 2,258 shares.
• D.R. Horton reported $3.36 earnings per share, exceeding analyst expectations of $2.90, alongside revenue of $9.23 billion for the latest quarter, despite being down 7.4% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, which will yield approximately 1.0% annually, with a payout ratio of 12.83%.

Arkadios Wealth Advisors reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 46.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,655 shares of the construction company's stock after selling 2,258 shares during the quarter. Arkadios Wealth Advisors' holdings in D.R. Horton were worth $338,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bayforest Capital Ltd increased its stake in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares during the period. Tredje AP fonden purchased a new stake in D.R. Horton during the first quarter worth $51,233,000. Banque Cantonale Vaudoise bought a new stake in D.R. Horton during the first quarter valued at about $283,000. GSA Capital Partners LLP grew its holdings in D.R. Horton by 26.4% in the first quarter. GSA Capital Partners LLP now owns 15,254 shares of the construction company's stock worth $1,939,000 after purchasing an additional 3,182 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its holdings in D.R. Horton by 11.1% in the first quarter. Mawer Investment Management Ltd. now owns 98,399 shares of the construction company's stock worth $12,509,000 after acquiring an additional 9,849 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 0.1%

Shares of DHI traded down $0.08 during midday trading on Thursday, reaching $153.98. The company had a trading volume of 2,440,318 shares, compared to its average volume of 5,017,818. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The stock has a market cap of $45.91 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 3.27 and a beta of 1.34. The firm has a 50 day simple moving average of $132.61 and a 200-day simple moving average of $129.60. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.10 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. D.R. Horton's payout ratio is currently 12.83%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research reports. Royal Bank Of Canada increased their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. BTIG Research cut their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JPMorgan Chase & Co. lowered their target price on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, Barclays dropped their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $153.23.

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.