Caitlin John LLC Sells 2,775 Shares of D.R. Horton, Inc. $DHI

Key Points

• Caitlin John LLC decreased its stake in D.R. Horton by 54.2%, selling 2,775 shares and now holding 2,347 shares valued at $303,000.
• Analysts have raised their price targets for D.R. Horton, with Bank of America increasing its target from $155.00 to $175.00 and UBS Group lifting it to $187.00, while the stock maintains a "Hold" average rating.
• D.R. Horton recently announced a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 1.0%.

Caitlin John LLC reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 54.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,347 shares of the construction company's stock after selling 2,775 shares during the quarter. Caitlin John LLC's holdings in D.R. Horton were worth $303,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DHI. Horizon Investments LLC boosted its holdings in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock valued at $708,000 after purchasing an additional 83 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in shares of D.R. Horton by 1.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 89 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of D.R. Horton by 2.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of D.R. Horton by 4.2% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock valued at $322,000 after purchasing an additional 101 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in D.R. Horton by 0.4% in the 1st quarter. Cresset Asset Management LLC now owns 27,063 shares of the construction company's stock worth $3,441,000 after acquiring an additional 102 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. Bank of America raised their target price on D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday. Wedbush raised their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. UBS Group raised 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. Finally, Wells Fargo & Company raised 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 note 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 issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $158.23.

Insider Activity at D.R. Horton

In other news, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the transaction, the director directly owned 1,193 shares of the company's stock, valued at $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,526 shares of company stock valued at $6,173,403. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Trading Down 0.8%

Shares of DHI opened at $168.20 on Monday. The firm's 50-day moving average is $159.76 and its two-hundred day moving average is $137.28. The firm has a market capitalization of $50.14 billion, a P/E ratio of 13.49, 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 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 (NYSE:DHI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $9.23 billion for 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 quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at 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 announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.