Penobscot Investment Management Company Inc. Lowers Position in D.R. Horton, Inc. $DHI

Key Points

• Penobscot Investment Management has reduced its position in D.R. Horton, Inc. by 7.3%, resulting in 30,145 shares held, worth approximately $3.89 million.
• Insiders, including Chairman David V. Auld, sold a total of 32,376 shares valued at nearly $5.9 million in the last quarter.
• D.R. Horton recently reported earnings of $3.36 per share, exceeding estimates, with quarterly revenue of approximately $9.23 billion, despite a 7.4% year-over-year decline.

Penobscot Investment Management Company Inc. reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,145 shares of the construction company's stock after selling 2,375 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in D.R. Horton were worth $3,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 1st quarter valued at $26,000. Bayforest Capital Ltd increased its position in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 1st quarter valued at $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton during the 1st quarter valued at $51,000. Finally, Adirondack Trust Co. increased its position in shares of D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after purchasing an additional 141 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other D.R. Horton 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 value of $5,466,300.00. Following the completion of the transaction, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the firm'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 of the company's stock, valued at approximately $215,622.82. This represents a 45.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock worth $5,898,848 in the last quarter. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DHI. Royal Bank Of Canada raised their target price on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. UBS Group raised their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of D.R. Horton in a research report on Saturday, September 27th. Wells Fargo & Company raised their target price on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $160.00.

D.R. Horton Stock Up 2.0%

DHI stock opened at $174.93 on Friday. 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 company has a market capitalization of $52.15 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 3.56 and a beta of 1.40. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $195.50. The stock has a fifty day moving average of $165.86 and a 200-day moving average of $139.88.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping 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 company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the company earned $4.10 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

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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