Mn Services Vermogensbeheer B.V. Cuts Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Mn Services Vermogensbeheer B.V. has reduced its stake in D.R. Horton by 2.3%, holding 106,000 shares valued at $13.67 million after selling 2,500 shares in the second quarter.
• D.R. Horton reported a earnings per share (EPS) of $3.36 for the last quarter, exceeding analysts’ estimates of $2.90, but revenue declined by 7.4% year-over-year, totaling $9.23 billion.
• The company recently announced a quarterly dividend of $0.40, which represents an annual yield of 0.9% and a dividend payout ratio of 12.83%.

Mn Services Vermogensbeheer B.V. reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,000 shares of the construction company's stock after selling 2,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in D.R. Horton were worth $13,666,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton during the first quarter valued at approximately $26,000. Bayforest Capital Ltd boosted its position in shares of D.R. Horton by 340.4% during 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 in the last quarter. Accredited Wealth Management LLC bought a new stake in D.R. Horton in the first quarter worth $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton in the first quarter worth $51,000. Finally, Alpine Bank Wealth Management bought a new stake in D.R. Horton in the first quarter worth $61,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DHI shares. Wells Fargo & Company boosted their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Bank of America upped their price target on D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday. Wedbush upped their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research 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 stock an "underperform" rating in a research report on Wednesday, July 23rd. Finally, UBS Group upped their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" 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, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.23.

Insider Transactions 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 dated Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares of the company's stock, 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 SEC, which can be accessed through this link. Also, SVP Aron M. Odom sold 1,376 shares of D.R. Horton 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 approximately $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock valued at $6,173,403 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Down 0.8%

DHI traded down $1.41 during trading on Friday, hitting $168.20. 8,260,428 shares of the stock were exchanged, compared to its average volume of 3,314,932. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The firm has a market cap of $50.14 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 3.60 and a beta of 1.36. The firm has a 50 day simple moving average of $159.76 and a 200 day simple moving average of $137.25. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its 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. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. D.R. Horton's dividend payout ratio (DPR) is presently 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.