D.R. Horton, Inc. $DHI Shares Sold by Central Bank & Trust Co.

Key Points

• Central Bank & Trust Co. reduced its stake in D.R. Horton, Inc. by 11.4%, selling 3,037 shares during the second quarter, leaving them with a total of 23,565 shares valued at approximately $3 million.
• Insider trading activity includes SVP Aron M. Odom selling 1,376 shares and Chairman David V. Auld selling 30,000 shares, indicating a decrease in their ownership positions.
• D.R. Horton reported earnings of $3.36 per share for its last quarter, exceeding estimates of $2.90, while revenue was $9.23 billion, compared to expectations of $8.80 billion.

Central Bank & Trust Co. lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 11.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,565 shares of the construction company's stock after selling 3,037 shares during the quarter. Central Bank & Trust Co.'s holdings in D.R. Horton were worth $3,038,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Olde Wealth Management LLC purchased a new position in D.R. Horton in the first quarter valued at about $26,000. Bayforest Capital Ltd boosted its holdings 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 during the last quarter. Accredited Wealth Management LLC purchased a new position in D.R. Horton in the first quarter valued at about $34,000. Ransom Advisory Ltd purchased a new position in D.R. Horton in the first quarter valued at about $51,000. Finally, Alpine Bank Wealth Management purchased a new position in D.R. Horton in the first quarter valued at about $61,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Activity

In other news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction 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 in the company, 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 ninety days, insiders have sold 34,526 shares of company stock worth $6,173,403. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on DHI. Wedbush increased their price target on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a 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 stock an "overweight" rating in a report on Tuesday, September 2nd. Royal Bank Of Canada increased their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Finally, UBS Group increased their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $154.38.

D.R. Horton Stock Down 3.3%

DHI opened at $171.99 on Tuesday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The stock has a market cap of $51.27 billion, a P/E ratio of 13.79, a P/E/G ratio of 3.77 and a beta of 1.36. The stock's 50 day moving average price is $157.10 and its 200 day moving average price is $136.13.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the firm earned $4.10 EPS. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict 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. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is 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.

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