LPL Financial LLC Lowers Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• LPL Financial LLC reduced its holdings in D.R. Horton by 16.7%, selling 39,489 shares, and now owns 197,025 shares valued at approximately $25 million.
• D.R. Horton reported earnings of $3.36 per share in its last quarter, surpassing analyst expectations of $2.90, with revenue of $9.23 billion.
• The company declared a quarterly dividend of $0.40 per share, with an ex-dividend date of August 7th, representing an annual yield of 1.1%.

LPL Financial LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,025 shares of the construction company's stock after selling 39,489 shares during the quarter. LPL Financial LLC owned 0.06% of D.R. Horton worth $25,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DHI. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth approximately $26,000. Itau Unibanco Holding S.A. acquired a new position in D.R. Horton in the 4th quarter valued at $43,000. Oarsman Capital Inc. increased its position in D.R. Horton by 146.7% during the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after buying an additional 198 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of D.R. Horton in the first quarter valued at about $61,000. Finally, Continuum Advisory LLC grew its stake in shares of D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

D.R. Horton Trading Down 0.5%

NYSE DHI traded down $0.74 during trading on Wednesday, hitting $154.09. 3,354,536 shares of the company's stock traded hands, compared to its average volume of 3,811,139. The stock has a fifty day moving average of $131.88 and a two-hundred day moving average of $129.43. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The firm has a market cap of $45.94 billion, a P/E ratio of 12.36, a PEG ratio of 3.26 and a beta of 1.34. 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 released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The firm 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 business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America dropped their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Keefe, Bruyette & Woods lifted their price target on 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. Royal Bank Of Canada raised their price objective 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. The Goldman Sachs Group dropped their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company raised their target price on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $153.23.

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.