Great Lakes Advisors LLC Sells 5,188 Shares of D.R. Horton, Inc. $DHI

Key Points

• Great Lakes Advisors LLC reduced its stake in D.R. Horton, Inc. by 46.4%, selling 5,188 shares and leaving them with 5,998 shares valued at $763,000.
• Analysts have raised their price targets for D.R. Horton, with a consensus rating of "Hold" and an average price target of $154.38.
• D.R. Horton reported an EPS of $3.36 for the last quarter, exceeding analyst expectations, despite a 7.4% decline in revenue compared to the same period last year.

Great Lakes Advisors LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 46.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,998 shares of the construction company's stock after selling 5,188 shares during the period. Great Lakes Advisors LLC's holdings in D.R. Horton were worth $763,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Horizon Investments LLC boosted its stake in D.R. Horton by 1.5% in the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock valued at $708,000 after purchasing an additional 83 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after acquiring an additional 89 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in D.R. Horton by 2.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after acquiring an additional 98 shares during the period. Continuum Advisory LLC raised its stake in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in D.R. Horton by 4.2% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock valued at $322,000 after purchasing an additional 101 shares during the period. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the subject of a number of analyst reports. Wedbush lifted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Royal Bank Of Canada boosted their price target on 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, Wells Fargo & Company upped their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and an average price target of $154.38.

D.R. Horton Stock Performance

NYSE:DHI opened at $181.25 on Friday. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $54.03 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 3.73 and a beta of 1.36. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The stock's 50-day simple moving average is $155.37 and its 200 day simple moving average is $135.38.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion during 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 business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior 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. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS 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. Investors of record on Thursday, August 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Insider Buying and Selling

In other news, 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 sale, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction that occurred on 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 directly owned 6,457 shares in the company, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,526 shares of company stock worth $6,173,403 in the last 90 days. Insiders own 0.54% of the company's stock.

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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