Eads & Heald Wealth Management Has $1.37 Million Position in D.R. Horton, Inc. $DHI

Key Points

• Eads & Heald Wealth Management has reduced its position in D.R. Horton, Inc. by 22.1%, holding 10,595 shares valued at $1,366,000 after selling 3,014 shares in the second quarter.
• D.R. Horton recently reported earnings of $3.36 EPS, beating analysts' estimates of $2.90, despite a 7.4% revenue decline year-over-year.
• The company declared a quarterly dividend of $0.40 per share, representing a 0.9% yield and a payout ratio of 12.83%.

Eads & Heald Wealth Management reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 22.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,595 shares of the construction company's stock after selling 3,014 shares during the period. Eads & Heald Wealth Management's holdings in D.R. Horton were worth $1,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DAVENPORT & Co LLC boosted its holdings in shares of D.R. Horton by 315.5% in the 2nd quarter. DAVENPORT & Co LLC now owns 31,056 shares of the construction company's stock valued at $4,004,000 after buying an additional 23,582 shares during the last quarter. Clarius Group LLC acquired a new stake in D.R. Horton in the second quarter valued at $232,000. AMF Tjanstepension AB acquired a new position in shares of D.R. Horton during the 2nd quarter worth about $9,391,000. 111 Capital raised its holdings in shares of D.R. Horton by 23.1% in the 2nd quarter. 111 Capital now owns 6,804 shares of the construction company's stock valued at $877,000 after purchasing an additional 1,275 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in D.R. Horton by 148.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 204,233 shares of the construction company's stock valued at $26,330,000 after purchasing an additional 121,923 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Up 2.0%

Shares of NYSE:DHI opened at $174.93 on Monday. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $195.50. The company has a market capitalization of $52.15 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 3.63 and a beta of 1.40. 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 company has a fifty day moving average of $165.86 and a 200-day moving average of $140.01.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the prior year, the firm earned $4.10 EPS. The business's revenue for the quarter 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. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 0.9%. D.R. Horton's dividend payout ratio is 12.83%.

Insider Activity

In related news, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares in the company, valued at $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 valued at $5,898,848 over the last three months. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DHI shares. Wells Fargo & Company raised their target price 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. Bank of America lifted their price objective on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. Keefe, Bruyette & Woods raised 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of D.R. Horton in a research report on Saturday, September 27th. Finally, Citigroup boosted their target price on shares of D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $160.00.

D.R. Horton 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.

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