Inspire Investing LLC Sells 16,787 Shares of D.R. Horton, Inc. $DHI

Key Points

• Inspire Investing LLC sold 16,787 shares of D.R. Horton, cutting its stake by 82.4%, now owning only 3,597 shares valued at approximately $464,000.
• A number of institutional investors increased their holdings in D.R. Horton, with notable increases from Vanguard Group Inc. (up 1.9%) and Allspring Global Investments (up 652.0%).
• D.R. Horton reported $3.36 EPS for the last quarter, exceeding estimates, though revenue decreased by 7.4% year-over-year.

Inspire Investing LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 82.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,597 shares of the construction company's stock after selling 16,787 shares during the period. Inspire Investing LLC's holdings in D.R. Horton were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of D.R. Horton by 1.9% in the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock worth $4,279,706,000 after acquiring an additional 642,642 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of D.R. Horton by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock worth $446,093,000 after acquiring an additional 33,412 shares during the last quarter. Invesco Ltd. raised its stake in shares of D.R. Horton by 23.1% during the first quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock worth $320,421,000 after buying an additional 472,382 shares during the last quarter. Amundi raised its stake in shares of D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company's stock worth $266,811,000 after buying an additional 817,998 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after buying an additional 1,718,094 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an "in-line" rating in a research note on Tuesday, October 7th. Wells Fargo & Company boosted their price target 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. Wedbush boosted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, UBS Group upped their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $156.54.

D.R. Horton Stock Performance

Shares of DHI opened at $151.30 on Monday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. The firm has a fifty day simple moving average of $167.13 and a 200 day simple moving average of $141.03. The stock has a market capitalization of $45.11 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 3.15 and a beta of 1.40. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping 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 analysts' expectations of $8.80 billion. During the same quarter in the prior year, the company posted $4.10 earnings per share. The firm'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. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced 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 was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.1%. D.R. Horton's dividend payout ratio is presently 12.83%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% 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, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company's stock, valued at approximately $215,622.82. This represents a 45.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock worth $5,898,848 over the last quarter. 0.54% of the stock is currently owned by 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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