Nordea Investment Management AB Sells 140,757 Shares of D.R. Horton, Inc. $DHI

Key Points

• Nordea Investment Management AB decreased its stake in D.R. Horton, Inc. by 15.8%, selling 140,757 shares to own 748,190 shares valued at approximately $96 million.
• D.R. Horton reported Q2 earnings of $3.36 per share, exceeding estimates, but showed a 7.4% year-over-year revenue decline of $9.23 billion.
• The company recently paid a quarterly dividend of $0.40 per share, which represents an annual yield of 1.0% with a payout ratio of 12.83%.

Nordea Investment Management AB reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 15.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 748,190 shares of the construction company's stock after selling 140,757 shares during the quarter. Nordea Investment Management AB owned approximately 0.25% of D.R. Horton worth $96,142,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Mutual Advisors LLC grew its stake in shares of D.R. Horton by 4.8% during the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company's stock worth $225,000 after acquiring an additional 80 shares in the last quarter. Horizon Investments LLC grew its stake in shares of D.R. Horton by 1.5% during the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after acquiring an additional 83 shares in the last quarter. Franchise Capital Ltd grew its stake in shares of D.R. Horton by 15.7% during the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company's stock worth $81,000 after acquiring an additional 85 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in shares of D.R. Horton by 2.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after acquiring an additional 98 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in shares of D.R. Horton by 4.2% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock worth $322,000 after acquiring an additional 101 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 0.4%

Shares of D.R. Horton stock opened at $153.54 on Friday. The business has a fifty day simple moving average of $167.08 and a two-hundred day simple moving average of $141.87. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $195.50. The company has a market capitalization of $45.77 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 3.19 and a beta of 1.40. 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 announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $4.10 EPS. The company's quarterly 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 year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given 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 1.0%. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Wall Street Analyst Weigh In

DHI has been the subject of several recent analyst reports. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Citigroup increased their price objective on D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, October 1st. Wedbush increased their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. UBS Group increased their price objective on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Evercore ISI set a $169.00 price objective on D.R. Horton and gave the company an "in-line" rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $156.54.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the transaction, the director owned 1,193 shares in the company, valued at $215,622.82. This trade represents a 45.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction on 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 owned 6,457 shares in the company, valued at $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 in the last 90 days. Company 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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