Sapient Capital LLC Decreases Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Sapient Capital LLC has reduced its stake in D.R. Horton, Inc. by 6.2%, now holding 61,718 shares valued at approximately $7.96 million.
• Analysts have increased their price targets for D.R. Horton, with Wells Fargo raising it to $190.00 and UBS to $187.00, with an average target price of $154.38 across various ratings.
• D.R. Horton reported $3.36 EPS for the last quarter, exceeding expectations, but revenue decreased 7.4% year-over-year to $9.23 billion.

Sapient Capital LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,718 shares of the construction company's stock after selling 4,093 shares during the quarter. Sapient Capital LLC's holdings in D.R. Horton were worth $7,957,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DHI. Olde Wealth Management LLC purchased a new position in D.R. Horton during the first quarter valued at approximately $26,000. Bayforest Capital Ltd lifted its holdings in 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 purchased a new position in D.R. Horton during the first quarter valued at approximately $34,000. Ransom Advisory Ltd purchased a new position in shares of D.R. Horton in the first quarter worth $51,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton in the first quarter worth $61,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Buying and Selling

In related news, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chairman directly owned 815,672 shares of the company's stock, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares of the company's stock, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,526 shares of company stock valued at $6,173,403 over the last three months. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wedbush boosted their target price 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. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Wells Fargo & Company boosted their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. One investment 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $158.23.

D.R. Horton Trading Down 0.8%

DHI stock traded down $1.41 during mid-day trading on Friday, reaching $168.20. 8,260,428 shares of the stock traded hands, compared to its average volume of 3,803,737. 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, Inc. has a one year low of $110.44 and a one year high of $195.50. The stock has a market capitalization of $50.14 billion, a PE ratio of 13.49, a PEG ratio of 3.60 and a beta of 1.36. The business has a 50-day moving average price of $159.76 and a two-hundred day moving average price of $137.20.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research 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. Investors of record on Thursday, August 7th were paid 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 yield of 1.0%. D.R. Horton's dividend payout ratio is 12.83%.

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.