Chevy Chase Trust Holdings LLC Has $18.87 Million Stake in D.R. Horton, Inc. $DHI

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in D.R. Horton, Inc. by 1.8%, now holding 146,330 shares valued at approximately $18.87 million.
• D.R. Horton recently received varying ratings from analysts, with one upgrade to "hold" and a consensus price target of $156.54.
• The company announced a quarterly dividend of $0.40 per share, reflecting a 1.0% yield and a payout ratio of 12.83%.

Chevy Chase Trust Holdings LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,330 shares of the construction company's stock after selling 2,716 shares during the period. Chevy Chase Trust Holdings LLC's holdings in D.R. Horton were worth $18,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DHI. Olde Wealth Management LLC bought a new position in D.R. Horton in the first quarter valued at $26,000. Bayforest Capital Ltd grew its position in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC bought a new position in D.R. Horton in the first quarter valued at $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton in the first quarter valued at $51,000. Finally, Adirondack Trust Co. grew its position in D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after purchasing an additional 141 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Bank of America decreased their target price on shares of D.R. Horton from $175.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Wells Fargo & Company raised their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Wedbush lifted 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. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of D.R. Horton in a research report on Wednesday, October 8th. One investment 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.com, the company has an average rating of "Hold" and a consensus price target of $156.54.

D.R. Horton Stock Performance

Shares of DHI opened at $153.54 on Friday. The firm has a 50-day moving average of $167.08 and a 200-day moving average of $141.87. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $195.50. The company has a market cap of $45.77 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 3.19 and a beta of 1.40. 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 (NYSE:DHI - Get Free Report) last announced its earnings results 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 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%. D.R. Horton's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a dividend of $0.40 per share. 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 payout ratio is presently 12.83%.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company's stock, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director directly owned 1,193 shares of the company's stock, valued at $215,622.82. The trade was a 45.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,376 shares of company stock valued at $5,898,848. Company insiders own 0.54% of the company's stock.

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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