IFP Advisors Inc Sells 8,813 Shares of D.R. Horton, Inc. $DHI

Key Points

• IFP Advisors Inc reduced its stake in D.R. Horton, Inc. by 85.4% in Q2, selling 8,813 shares and leaving them with 1,510 shares valued at approximately $196,000.
• D.R. Horton reported a quarterly net income of $3.36 EPS, surpassing analysts' estimates of $2.90, although its revenue declined 7.4% year-over-year.
• The company declared a quarterly dividend of $0.40, reflecting an annualized yield of 1.0% and a dividend payout ratio of 12.83%.

IFP Advisors Inc lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 85.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,510 shares of the construction company's stock after selling 8,813 shares during the quarter. IFP Advisors Inc's holdings in D.R. Horton were worth $196,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Olde Wealth Management LLC bought a new position in D.R. Horton during the first quarter valued at about $26,000. Bayforest Capital Ltd grew its position in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC bought a new position in D.R. Horton during the first quarter valued at about $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton during the first quarter valued at about $51,000. Finally, Adirondack Trust Co. grew its position 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 period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 0.4%

Shares of DHI opened at $153.54 on Friday. The firm's 50 day simple moving average is $167.08 and its 200 day simple moving average is $141.77. The company has a market capitalization of $45.77 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the business earned $4.10 earnings per share. The business's quarterly 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. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors 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 yield of 1.0%. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Analysts Set New Price Targets

DHI has been the topic of several recent research reports. Bank of America dropped their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an "in-line" rating in a report on Tuesday, October 7th. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of D.R. Horton in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus price target of $156.54.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 1,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was 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 of the company's stock, valued at $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman directly owned 815,672 shares of the company's stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,376 shares of company stock valued at $5,898,848 over the last quarter. 0.54% of the stock is owned by company insiders.

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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