Livforsakringsbolaget Skandia Omsesidigt Sells 9,900 Shares of D.R. Horton, Inc. $DHI

Key Points

• Livforsakringsbolaget Skandia Omsesidigt sold 9,900 shares of D.R. Horton, reducing its holdings by 38.5%, leaving it with 15,803 shares valued at approximately $1.95 million.
• D.R. Horton's quarterly earnings report showed earnings per share of $3.36, surpassing analysts' expectations of $2.90, despite a year-over-year revenue decline of 7.4%.
• Insider transactions included Chairman David V. Auld selling 30,000 shares for $5.47 million, representing a 3.55% decrease in his ownership stake.

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 38.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,803 shares of the construction company's stock after selling 9,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in D.R. Horton were worth $1,950,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its position in shares of D.R. Horton by 34.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,371 shares of the construction company's stock worth $177,000 after buying an additional 350 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in shares of D.R. Horton by 30.8% in the 2nd quarter. Chemistry Wealth Management LLC now owns 2,205 shares of the construction company's stock worth $284,000 after buying an additional 519 shares during the last quarter. Atwood & Palmer Inc. lifted its position in shares of D.R. Horton by 1.2% in the 2nd quarter. Atwood & Palmer Inc. now owns 231,999 shares of the construction company's stock worth $29,909,000 after buying an additional 2,646 shares during the last quarter. Apella Capital LLC lifted its position in shares of D.R. Horton by 1.8% in the 2nd quarter. Apella Capital LLC now owns 8,509 shares of the construction company's stock worth $1,114,000 after buying an additional 149 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of D.R. Horton by 7.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,474 shares of the construction company's stock worth $319,000 after buying an additional 180 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Finally, Wedbush increased their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $158.23.

D.R. Horton Price Performance

Shares of DHI traded down $0.36 during mid-day trading on Thursday, hitting $169.63. The company's stock had a trading volume of 2,944,806 shares, compared to its average volume of 3,357,794. The firm has a 50-day moving average price of $159.13 and a 200 day moving average price of $136.91. The stock has a market capitalization of $50.57 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 3.60 and a beta of 1.36. 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 fifty-two week low of $110.44 and a fifty-two week high of $199.85.

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 company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same period last year, the company posted $4.10 earnings per share. The business's revenue for the quarter 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. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman owned 815,672 shares of the company's stock, valued at $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,526 shares of company stock valued at $6,173,403 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

D.R. Horton 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.