Janney Montgomery Scott LLC Reduces Stake in D.R. Horton, Inc. $DHI

Key Points

• Janney Montgomery Scott LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 39.4%, holding 14,216 shares after selling 9,230 shares during the second quarter.
• The company reported an earnings per share (EPS) of $3.36 for the quarter, surpassing estimates of $2.90, though revenue decreased by 7.4% year-over-year.
• D.R. Horton declared a quarterly dividend of $0.40 per share, yielding 1.1%, with a notable decrease in the chairman's stock ownership following recent sales.

Janney Montgomery Scott LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 39.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,216 shares of the construction company's stock after selling 9,230 shares during the quarter. Janney Montgomery Scott LLC's holdings in D.R. Horton were worth $1,833,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DHI. Moss Adams Wealth Advisors LLC purchased a new stake in shares of D.R. Horton in the 2nd quarter worth about $228,000. GC Wealth Management RIA LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $408,000. Alpine Bank Wealth Management increased its stake in shares of D.R. Horton by 30.7% during the 2nd quarter. Alpine Bank Wealth Management now owns 626 shares of the construction company's stock worth $81,000 after purchasing an additional 147 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of D.R. Horton by 13.3% during the 2nd quarter. V Square Quantitative Management LLC now owns 8,081 shares of the construction company's stock worth $1,042,000 after purchasing an additional 946 shares during the last quarter. Finally, Tritonpoint Wealth LLC purchased a new stake in D.R. Horton in the 2nd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 0.1%

NYSE:DHI opened at $151.30 on Friday. The business's 50-day moving average is $167.13 and its two-hundred day moving average is $140.95. The firm has a market capitalization of $45.11 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 3.15 and a beta of 1.40. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. 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 (NYSE:DHI - Get Free Report) last posted its earnings results 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 business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter 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. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DHI. Bank of America cut their price target on D.R. Horton from $175.00 to $165.00 and set a "neutral" rating for the company in a report on Friday. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. Citigroup boosted their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Wedbush upped their price objective 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. Finally, Wells Fargo & Company lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $156.54.

Insider Activity at D.R. Horton

In other news, Chairman David V. Auld sold 30,000 shares of the firm'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 sale, the chairman directly owned 815,672 shares in the company, valued at $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction dated 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 transaction, the director owned 1,193 shares in the company, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,376 shares of company stock valued at $5,898,848. Corporate insiders own 0.54% of the company's stock.

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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