D.R. Horton, Inc. $DHI Shares Sold by City Holding Co.

Key Points

• City Holding Co. has reduced its stake in D.R. Horton, Inc. by 23.6%, selling 2,305 shares, which leaves them with 7,445 shares valued at approximately $960,000.
• Multiple institutional investors, including Edgestream Partners L.P. and Inspire Investing LLC, have significantly increased their holdings in D.R. Horton, with Edgestream raising its position by 1,710.0%.
• Recently, several Wall Street analysts have raised their price targets for D.R. Horton, with UBS Group increasing it to $187.00 and Wells Fargo raising it to $190.00, indicating a generally positive outlook for the stock.

City Holding Co. reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 23.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,445 shares of the construction company's stock after selling 2,305 shares during the period. City Holding Co.'s holdings in D.R. Horton were worth $960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Edgestream Partners L.P. lifted its position in D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after acquiring an additional 101,643 shares in the last quarter. MQS Management LLC acquired a new position in D.R. Horton during the 1st quarter worth approximately $1,132,000. Leavell Investment Management Inc. lifted its position in D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after acquiring an additional 549 shares in the last quarter. Inspire Investing LLC lifted its position in D.R. Horton by 787.0% during the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company's stock worth $2,591,000 after acquiring an additional 18,086 shares in the last quarter. Finally, Swedbank AB lifted its position in D.R. Horton by 22.8% during the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company's stock worth $66,681,000 after acquiring an additional 97,467 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. 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. Wells Fargo & Company upped their target price on 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 upped their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America upped their target price on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. Finally, Keefe, Bruyette & Woods upped their target price 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 analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given 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 $158.23.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $167.29 on Monday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $49.87 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 3.55 and a beta of 1.36. The business has a 50 day simple moving average of $163.15 and a 200-day simple moving average of $138.51.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the business earned $4.10 EPS. The business's quarterly revenue 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, equities research analysts expect 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's payout ratio is 12.83%.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction on 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 approximately $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. In the last ninety days, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by insiders.

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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