Fluent Financial LLC Acquires New Holdings in D.R. Horton, Inc. $DHI

Key Points

• Fluent Financial LLC purchased 29,599 shares of D.R. Horton, valued at approximately $3.8 million, making it the 19th largest position in their investment portfolio.
• Multiple hedge funds increased their stakes in D.R. Horton, with 90.63% of the company's stock now owned by institutional investors.
• D.R. Horton reported a quarterly EPS of $3.36, surpassing estimates, while also announcing a quarterly dividend of $0.40 per share, resulting in a 1.0% dividend yield.

Fluent Financial LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,599 shares of the construction company's stock, valued at approximately $3,816,000. D.R. Horton accounts for about 1.6% of Fluent Financial LLC's investment portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in D.R. Horton during the first quarter valued at $26,000. Bayforest Capital Ltd lifted its stake 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 worth $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new position in shares of D.R. Horton in the first quarter worth approximately $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton during the first quarter valued at approximately $51,000. Finally, Adirondack Trust Co. increased its holdings 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 buying an additional 141 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on DHI shares. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on 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 boosted their price objective on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, September 18th. Keefe, Bruyette & Woods raised their target price 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. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of D.R. Horton in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $157.31.

Insider Activity

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction on 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 transaction, the chairman 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Performance

DHI opened at $158.56 on Thursday. 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 stock has a market capitalization of $47.27 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.34 and a beta of 1.40. The company has a fifty day moving average of $166.94 and a 200 day moving average of $140.58. 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 released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate 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 business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the firm earned $4.10 EPS. The business's revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

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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