Kestra Advisory Services LLC Sells 15,407 Shares of D.R. Horton, Inc. $DHI

Key Points

• Kestra Advisory Services LLC has reduced its stake in D.R. Horton, Inc. by 55.8%, now owning 12,215 shares valued at approximately $1.55 million.
• D.R. Horton reported a surprise earnings per share of $3.36 for the quarter, exceeding expectations of $2.90, although its revenue showed a decline of 7.4% year-over-year.
• The company announced a quarterly dividend of $0.40, reflecting an annualized dividend of $1.60 with a yield of 0.9% and a payout ratio of 12.83%.

Kestra Advisory Services LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 55.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,215 shares of the construction company's stock after selling 15,407 shares during the period. Kestra Advisory Services LLC's holdings in D.R. Horton were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHI. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the 1st quarter worth approximately $26,000. Bayforest Capital Ltd lifted its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new position in D.R. Horton in the 1st quarter valued at approximately $34,000. Itau Unibanco Holding S.A. bought a new position in D.R. Horton in the 4th quarter valued at approximately $43,000. Finally, Alpine Bank Wealth Management bought a new position in D.R. Horton in the 1st quarter valued at approximately $61,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Up 1.1%

Shares of D.R. Horton stock traded up $1.87 during trading hours on Wednesday, reaching $172.13. The company's stock had a trading volume of 3,182,110 shares, compared to its average volume of 3,798,024. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a market capitalization of $51.31 billion, a P/E ratio of 13.80, a P/E/G ratio of 3.60 and a beta of 1.36. The stock's fifty day simple moving average is $148.64 and its two-hundred day simple moving average is $132.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data 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 period last year, the firm earned $4.10 earnings per share. The business's quarterly 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, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports 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 note on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday. One research 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $154.38.

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.