Callahan Advisors LLC Decreases Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Callahan Advisors LLC has decreased its stake in D.R. Horton, Inc. by 53.5%, owning 12,063 shares valued at approximately $1.55 million after the sale.
• Insider transactions showed significant sales, including Director Michael R. Buchanan, who sold 1,000 shares, resulting in a 45.60% decrease in his ownership.
• Analysts have set a consensus rating of "Hold" for D.R. Horton, with an average price target of $156.54.

Callahan Advisors LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 53.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,063 shares of the construction company's stock after selling 13,902 shares during the period. Callahan Advisors LLC's holdings in D.R. Horton were worth $1,555,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Olde Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter worth $26,000. Bayforest Capital Ltd boosted its holdings in shares of 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 acquiring an additional 194 shares during the period. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter worth $34,000. Ransom Advisory Ltd bought a new position in shares of D.R. Horton in the first quarter worth $51,000. Finally, Adirondack Trust Co. boosted its holdings in shares of D.R. Horton by 53.2% in the second 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 period. 90.63% of the stock is owned by institutional investors.

Insider Transactions at D.R. Horton

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada lifted their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the company an "in-line" rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Wedbush lifted their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $156.54.

D.R. Horton Stock Down 0.9%

DHI opened at $155.26 on Thursday. The company has a market cap of $46.28 billion, a P/E ratio of 12.45, a P/E/G ratio of 3.26 and a beta of 1.40. The business's 50-day moving average price is $167.16 and its 200-day moving average price is $141.42. 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.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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 the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

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

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.

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.