Avanza Fonder AB Sells 3,867 Shares of D.R. Horton, Inc. $DHI

Key Points

• Avanza Fonder AB has reduced its stake in D.R. Horton, Inc. by 12.9%, owning approximately $3.36 million worth of shares after selling 3,867 shares in the last quarter.
• Institutional ownership of D.R. Horton is high, with hedge funds owning 90.63% of the company's stock, and several firms significantly increasing their positions in the first quarter.
• D.R. Horton reported earnings of $3.36 per share for the last quarter, outperforming analysts' expectations, despite revenue declining by 7.4% year-over-year.

Avanza Fonder AB lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,049 shares of the construction company's stock after selling 3,867 shares during the period. Avanza Fonder AB's holdings in D.R. Horton were worth $3,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Olde Wealth Management LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at approximately $26,000. Bayforest Capital Ltd raised its position in shares of D.R. Horton by 340.4% during 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 in the last quarter. Accredited Wealth Management LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $34,000. Ransom Advisory Ltd acquired a new position in D.R. Horton in the 1st quarter valued at approximately $51,000. Finally, Adirondack Trust Co. grew its holdings in D.R. Horton by 53.2% during the 2nd 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 last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.4%

Shares of D.R. Horton stock traded down $4.08 during trading hours on Monday, hitting $164.22. 4,035,629 shares of the company's stock traded hands, compared to its average volume of 3,422,349. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The company has a market cap of $48.96 billion, a PE ratio of 13.17, a PEG ratio of 3.57 and a beta of 1.36. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50. The stock has a 50 day simple moving average of $160.32 and a 200-day simple moving average of $137.49.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the company posted $4.10 earnings per share. The company's revenue for the quarter 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. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Insiders Place Their Bets

In related news, 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 completion of the sale, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chairman directly owned 815,672 shares of the company's stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,526 shares of company stock valued at $6,173,403 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DHI has been the subject of a number of research analyst reports. Bank of America lifted their price target on D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. UBS Group increased their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Wells Fargo & Company boosted their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $158.23.

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.