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D.R. Horton, Inc. $DHI Stake Lessened by Townsend & Associates Inc

D.R. Horton logo with Construction background

Key Points

  • Townsend & Associates Inc reduced its stake in D.R. Horton, Inc. by 8.6% in Q2, resulting in ownership of 93,277 shares valued at approximately $12,025,000.
  • Insiders, including SVP Aron M. Odom and Director Michael R. Buchanan, sold significant shares of the company, decreasing their ownership by 17.57% and 45.60% respectively.
  • D.R. Horton beat analysts' EPS estimates in Q2, reporting earnings of $3.36 per share, while the company's revenue experienced a 7.4% decline year-over-year to $9.23 billion.
  • MarketBeat previews the top five stocks to own by November 1st.

Townsend & Associates Inc cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,277 shares of the construction company's stock after selling 8,826 shares during the period. Townsend & Associates Inc's holdings in D.R. Horton were worth $12,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new stake in D.R. Horton during the first quarter valued at approximately $26,000. Bayforest Capital Ltd lifted its position in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $51,000. Finally, Adirondack Trust Co. lifted its position in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after acquiring an additional 141 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the 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 completion of the transaction, the director directly owned 1,193 shares in the company, valued at $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Up 0.4%

DHI opened at $153.54 on Monday. The company has a market cap of $45.77 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 3.19 and a beta of 1.40. The firm has a 50 day simple moving average of $167.08 and a 200 day simple moving average of $142.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion during 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 quarter in the previous year, the company earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Finally, Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the stock an "in-line" rating in a report on Tuesday, October 7th. One investment 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, the stock currently has an average rating of "Hold" and an average target price of $156.54.

View Our Latest Report on DHI

D.R. Horton Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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