Moss Adams Wealth Advisors LLC Takes $228,000 Position in D.R. Horton, Inc. $DHI

Key Points

• Moss Adams Wealth Advisors LLC has acquired a new stake in D.R. Horton, purchasing 1,767 shares valued at approximately $228,000.
• D.R. Horton reported a quarterly earnings per share (EPS) of $3.36, exceeding analysts' expectations of $2.90 and indicating a 7.4% year-over-year revenue decline.
• The company recently announced a quarterly dividend of $0.40 per share, representing a 0.9% annualized dividend yield.

Moss Adams Wealth Advisors LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,767 shares of the construction company's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. raised its holdings in D.R. Horton by 1,710.0% in the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after buying an additional 101,643 shares during the period. MQS Management LLC purchased a new stake in D.R. Horton in the 1st quarter valued at about $1,132,000. Leavell Investment Management Inc. raised its holdings in D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock valued at $423,000 after buying an additional 549 shares during the period. Inspire Investing LLC raised its holdings in D.R. Horton by 787.0% in the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company's stock valued at $2,591,000 after buying an additional 18,086 shares during the period. Finally, Swedbank AB raised its holdings in D.R. Horton by 22.8% in the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company's stock valued at $66,681,000 after buying an additional 97,467 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $169.90 on Tuesday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $195.50. The company has a market cap of $50.65 billion, a PE ratio of 13.62, a P/E/G ratio of 3.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The business has a 50-day simple moving average of $163.93 and a 200-day simple moving average of $138.81.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous 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, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. 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 payout ratio is currently 12.83%.

Analyst Ratings Changes

Several brokerages recently issued reports on DHI. UBS Group boosted their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Wells Fargo & Company boosted 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. Finally, Bank of America boosted their price target on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average price target of $158.23.

Insider Transactions at D.R. Horton

In other news, Chairman David V. Auld sold 30,000 shares of the business'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 transaction, the chairman directly owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by corporate 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.

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