D.R. Horton, Inc. $DHI Shares Sold by Strengthening Families & Communities LLC

Key Points

• Strengthening Families & Communities LLC significantly reduced its stake in D.R. Horton by 91.1%, selling 8,597 shares to hold only 839 shares valued at $108,000.
• Institutional investors now own 90.63% of D.R. Horton's stock, with notable increases in holdings from firms like Vanguard and Allspring Global Investments.
• D.R. Horton reported better-than-expected earnings with $3.36 EPS for the last quarter, exceeding estimates, while its quarterly revenue was down 7.4% year-over-year.

Strengthening Families & Communities LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 91.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 839 shares of the construction company's stock after selling 8,597 shares during the quarter. Strengthening Families & Communities LLC's holdings in D.R. Horton were worth $108,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of D.R. Horton by 1.9% in the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock valued at $4,279,706,000 after purchasing an additional 642,642 shares during the period. Dimensional Fund Advisors LP grew its position in shares of D.R. Horton by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock valued at $446,093,000 after purchasing an additional 33,412 shares during the period. Invesco Ltd. grew its position in shares of D.R. Horton by 23.1% in the first quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock valued at $320,421,000 after purchasing an additional 472,382 shares during the period. Amundi grew its position in shares of D.R. Horton by 60.2% in the first quarter. Amundi now owns 2,176,211 shares of the construction company's stock valued at $266,811,000 after purchasing an additional 817,998 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the period. Institutional investors and hedge funds 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 dated Friday, September 5th. The shares were 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 directly owned 815,672 shares in the company, valued at $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director owned 1,193 shares of the company's stock, valued at approximately $215,622.82. This 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 32,376 shares of company stock worth $5,898,848 over the last three months. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research analyst reports. Wedbush lifted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an "in-line" rating in a research note on Tuesday. Wells Fargo & Company raised 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 note on Tuesday, September 2nd. Finally, UBS Group raised their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and an average price target of $156.54.

D.R. Horton Price Performance

Shares of DHI stock opened at $151.30 on Friday. 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 firm's 50-day moving average is $167.13 and its two-hundred day moving average is $140.87. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. The company has a market capitalization of $45.11 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.40.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its 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. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the firm earned $4.10 earnings per share. D.R. Horton's quarterly 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. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton's dividend payout ratio (DPR) is currently 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.

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