D.R. Horton, Inc. $DHI Shares Purchased by Truist Financial Corp

Key Points

• Truist Financial Corp significantly increased its holdings in D.R. Horton, Inc. by 200.1% during Q2, acquiring 118,199 additional shares to reach a total of 177,280 shares valued at approximately $22.86 million.
• Chairman David V. Auld sold 30,000 shares of D.R. Horton for over $5.46 million, reducing his ownership stake by 3.55% while still holding a significant share valued at around $148.62 million.
• D.R. Horton recently released stronger-than-expected earnings of $3.36 per share, exceeding consensus estimates by $0.46, despite a 7.4% revenue decline year-over-year.

Truist Financial Corp increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 200.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 177,280 shares of the construction company's stock after acquiring an additional 118,199 shares during the period. Truist Financial Corp owned approximately 0.06% of D.R. Horton worth $22,855,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth approximately $26,000. Bayforest Capital Ltd increased its holdings in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in D.R. Horton in the 1st quarter worth $34,000. Ransom Advisory Ltd purchased a new stake in D.R. Horton in the 1st quarter worth $51,000. Finally, Adirondack Trust Co. grew its position 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 valued at $52,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the senior vice president directly owned 6,457 shares of the company's stock, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 over the last quarter. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of 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. 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 report on Tuesday, September 2nd. Bank of America increased their target price on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wedbush lifted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $160.00.

D.R. Horton Price Performance

D.R. Horton stock opened at $174.93 on Friday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50. The stock has a market cap of $52.15 billion, a P/E ratio of 14.03, a PEG ratio of 3.56 and a beta of 1.40. The company has a 50-day moving average price of $165.86 and a 200 day moving average price of $139.88. 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 released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the business earned $4.10 earnings per share. D.R. Horton'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. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors 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 dividend on an annualized basis and a yield of 0.9%. D.R. Horton's dividend payout ratio is currently 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.

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