D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Avalon Trust Co

Key Points

• Avalon Trust Co reduced its holdings in D.R. Horton by 20.5%, selling 2,250 shares, which are now valued at approximately $1.1 million.
• Several institutional investors have significantly increased their stakes in D.R. Horton, with Beta Wealth Group Inc. boosting its investment by an impressive 1,400%.
• D.R. Horton reported $3.36 earnings per share for the last quarter, surpassing analysts' expectations, despite a 7.4% decrease in revenue compared to the previous year.

Avalon Trust Co trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,750 shares of the construction company's stock after selling 2,250 shares during the period. Avalon Trust Co's holdings in D.R. Horton were worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in DHI. Olde Wealth Management LLC bought a new stake in D.R. Horton in the 1st quarter valued at $26,000. Bayforest Capital Ltd boosted its position in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton in the 4th quarter worth approximately $43,000. Oarsman Capital Inc. lifted its position in shares of D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after purchasing an additional 198 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in shares of D.R. Horton in the 1st quarter worth approximately $61,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 1.4%

Shares of NYSE:DHI traded up $2.14 during trading on Tuesday, hitting $155.42. 963,663 shares of the company were exchanged, compared to its average volume of 3,794,612. The stock has a market capitalization of $46.33 billion, a P/E ratio of 12.45, a PEG ratio of 3.19 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The firm's 50 day moving average price is $131.20 and its 200-day moving average price is $129.25.

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 the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion during 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 company's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 EPS. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on DHI shares. BTIG Research reduced 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 research note 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. Wells Fargo & Company boosted their price objective on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Barclays reduced their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Bank of America reduced their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $153.23.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.