D.R. Horton, Inc. $DHI Stock Holdings Decreased by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp reduced its stake in D.R. Horton, Inc. by 3.4%, selling 2,009 shares, resulting in a total holding of 56,906 shares valued at $7.34 million.
• D.R. Horton reported a quarterly earnings per share of $3.36, surpassing analysts' estimates of $2.90, despite a 7.4% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.40 per share, translating to an annualized dividend yield of 1.0%.

Fifth Third Bancorp lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,906 shares of the construction company's stock after selling 2,009 shares during the quarter. Fifth Third Bancorp's holdings in D.R. Horton were worth $7,336,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DHI. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton in the 1st quarter worth approximately $26,000. Bayforest Capital Ltd lifted its stake in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in D.R. Horton in the first quarter worth $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton during the first quarter valued at $51,000. Finally, Adirondack Trust Co. increased its stake in D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after purchasing an additional 141 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.5%

Shares of DHI stock opened at $164.92 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $195.50. The firm has a market capitalization of $49.16 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 3.55 and a beta of 1.36. The stock has a fifty day moving average of $162.44 and a two-hundred day moving average of $138.11. 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 (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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. The business 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 company's revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a dividend of $0.40 per share. 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 dividend payout ratio (DPR) is currently 12.83%.

Insider Buying and Selling

In other news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the transaction, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction on 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 owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 over the last quarter. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DHI. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. UBS Group boosted their price objective on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada upped their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $158.23.

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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