Glenview Trust co Sells 2,572 Shares of D.R. Horton, Inc. $DHI

Key Points

• Glenview Trust co reduced its holdings in D.R. Horton by 25.3%, selling 2,572 shares and ending the quarter with 7,612 shares worth approximately $968,000.
• Several institutional investors increased their stakes in D.R. Horton, with Olde Wealth Management purchasing shares estimated at $26,000 during the first quarter.
• D.R. Horton announced a quarterly dividend of $0.40, representing a 0.9% dividend yield, with a payout ratio of 12.83%.

Glenview Trust co trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 25.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,612 shares of the construction company's stock after selling 2,572 shares during the period. Glenview Trust co's holdings in D.R. Horton were worth $968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton during the first quarter valued at approximately $26,000. Bayforest Capital Ltd lifted its stake in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares during the last quarter. Accredited Wealth Management LLC purchased a new position in D.R. Horton during the 1st quarter valued at $34,000. Alpine Bank Wealth Management bought a new position in D.R. Horton in the 1st quarter valued at $61,000. Finally, Continuum Advisory LLC increased its stake in D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of recent analyst reports. Wedbush boosted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Wells Fargo & Company upped 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. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. One investment 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 an average rating of "Hold" and an average target price of $154.38.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of the firm'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 sale, the senior vice president owned 6,457 shares of the company's stock, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was 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 of the company's stock, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock worth $6,173,403 in the last three months. 0.54% of the stock is owned by insiders.

D.R. Horton Trading Up 2.9%

NYSE:DHI opened at $181.25 on Friday. The firm has a 50-day simple moving average of $155.37 and a 200-day simple moving average of $135.38. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The firm has a market cap of $54.03 billion, a P/E ratio of 14.53, a P/E/G ratio of 3.73 and a beta of 1.36. 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 released 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

D.R. Horton Company 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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