Aware Super Pty Ltd as trustee of Aware Super Decreases Position in D.R. Horton, Inc. $DHI

Key Points

• Aware Super Pty Ltd reduced its stake in D.R. Horton, Inc. by 45.8% during the second quarter, leaving them with 46,261 shares worth approximately $5.96 million.
• In a recent quarter, insiders sold a total of 32,376 shares of D.R. Horton stock, valued at about $5.9 million, indicating potential concern among company leadership.
• D.R. Horton reported earnings of $3.36 per share for the last quarter, exceeding analyst expectations of $2.90, although revenues were down 7.4% year-over-year.

Aware Super Pty Ltd as trustee of Aware Super cut its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 45.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,261 shares of the construction company's stock after selling 39,032 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in D.R. Horton were worth $5,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of D.R. Horton by 15.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,614 shares of the construction company's stock valued at $333,000 after acquiring an additional 347 shares during the last quarter. GAMMA Investing LLC increased its stake in D.R. Horton by 51.0% in the 1st quarter. GAMMA Investing LLC now owns 7,211 shares of the construction company's stock worth $917,000 after purchasing an additional 2,437 shares during the period. Ritholtz Wealth Management increased its stake in D.R. Horton by 6.5% in the 1st quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock worth $270,000 after purchasing an additional 129 shares during the period. Exchange Traded Concepts LLC lifted its position in D.R. Horton by 25.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after purchasing an additional 511 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in shares of D.R. Horton by 7.5% during the first quarter. Brighton Jones LLC now owns 2,460 shares of the construction company's stock valued at $313,000 after purchasing an additional 172 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 1,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the transaction, the director owned 1,193 shares of the company's stock, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock worth $5,898,848 in the last quarter. 0.54% of the stock is owned by company insiders.

D.R. Horton Stock Down 0.9%

Shares of D.R. Horton stock opened at $155.26 on Thursday. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50. The company has a market cap of $46.28 billion, a P/E ratio of 12.45, a PEG ratio of 3.26 and a beta of 1.40. The company's fifty day simple moving average is $167.16 and its two-hundred day simple moving average is $141.42.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the firm posted $4.10 EPS. 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. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

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

Analysts Set New Price Targets

DHI has been the topic of several analyst reports. UBS Group lifted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Bank of America cut their price target on shares of D.R. Horton from $175.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Wedbush boosted their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, Evercore ISI set a $169.00 target price on D.R. Horton and gave the stock an "in-line" rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $156.54.

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.

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