Knightsbridge Asset Management LLC Sells 2,571 Shares of D.R. Horton, Inc. $DHI

Key Points

• Knightsbridge Asset Management LLC reduced its position in D.R. Horton by 5.8%, decreasing its shares to 41,614, which now represents 1.3% of its portfolio.
• Vanguard Group Inc. increased its holdings in D.R. Horton by 1.9%, acquiring an additional 642,642 shares, highlighting a trend of institutional investment growth in the company.
• D.R. Horton reported a Q2 earnings per share of $3.36, surpassing analyst expectations of $2.90, despite experiencing a 7.4% decline in revenue compared to the same quarter last year.

Knightsbridge Asset Management LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,614 shares of the construction company's stock after selling 2,571 shares during the period. D.R. Horton accounts for 1.3% of Knightsbridge Asset Management LLC's portfolio, making the stock its 27th largest position. Knightsbridge Asset Management LLC's holdings in D.R. Horton were worth $5,290,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Olde Wealth Management LLC bought a new position in D.R. Horton during the 1st quarter valued at approximately $26,000. Bayforest Capital Ltd grew its stake 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 last quarter. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton during the first quarter valued at $34,000. Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton in the 1st quarter worth about $61,000. Finally, Continuum Advisory LLC raised its position in shares of D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was 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 of the company's stock, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chairman owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,526 shares of company stock valued at $6,173,403. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company increased their target price on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Wedbush lifted their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $154.38.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $1.54 during trading hours on Wednesday, reaching $176.34. 3,754,628 shares of the stock traded hands, compared to its average volume of 3,654,234. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The firm has a market capitalization of $52.57 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 3.77 and a beta of 1.36. 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 50 day moving average price of $154.39 and a 200 day moving average price of $135.00.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the firm posted $4.10 earnings per share. The firm's revenue 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. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

D.R. Horton 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.