D.R. Horton, Inc. $DHI Shares Sold by FORA Capital LLC

Key Points

• FORA Capital LLC significantly reduced its stake in D.R. Horton by 96.6%, selling 72,061 shares and now owning only 2,560 shares valued at about $325,000.
• During the same period, other institutional investors like Edgestream Partners L.P. and Leavell Investment Management Inc. increased their holdings in D.R. Horton, indicating mixed investor sentiments.
• D.R. Horton reported earnings of $3.36 per share for the quarter, exceeding estimates, although its revenue declined 7.4% year-over-year, amounting to $9.23 billion.

FORA Capital LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 96.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,560 shares of the construction company's stock after selling 72,061 shares during the quarter. FORA Capital LLC's holdings in D.R. Horton were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth $26,000. Bayforest Capital Ltd lifted its holdings 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 buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth $34,000. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton in the 4th quarter worth $43,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of D.R. Horton in the 1st quarter worth $61,000. Institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DHI shares. 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. Wedbush upped their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. UBS Group upped their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Keefe, Bruyette & Woods upped their price objective on 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Stock Performance

D.R. Horton stock traded up $0.75 during midday trading on Friday, hitting $169.66. 2,338,261 shares of the company were exchanged, compared to its average volume of 3,708,202. 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, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The business has a fifty day simple moving average of $147.01 and a two-hundred day simple moving average of $132.43. The firm has a market capitalization of $50.58 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 3.60 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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 return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the company 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. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's payout ratio is presently 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.