D.R. Horton, Inc. $DHI Shares Sold by Philadelphia Trust Co.

Key Points

• Philadelphia Trust Co. reduced its stake in D.R. Horton by 6.9% during the first quarter, owning 35,617 shares worth approximately $4.53 million.
• Several institutional investors, including Bank Pictet & Cie and CreativeOne Wealth LLC, increased their holdings in D.R. Horton, reflecting a trend of growing institutional ownership which now stands at 90.63%.
• D.R. Horton reported earnings of $3.36 EPS for the latest quarter, exceeding estimates by $0.46, but its revenue was down 7.4% year-over-year at $9.23 billion.

Philadelphia Trust Co. reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,617 shares of the construction company's stock after selling 2,624 shares during the quarter. Philadelphia Trust Co.'s holdings in D.R. Horton were worth $4,528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cresset Asset Management LLC raised its stake in D.R. Horton by 0.4% in the 1st quarter. Cresset Asset Management LLC now owns 27,063 shares of the construction company's stock valued at $3,441,000 after purchasing an additional 102 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its stake in D.R. Horton by 38.3% in the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 23,968 shares of the construction company's stock valued at $3,047,000 after purchasing an additional 6,640 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in D.R. Horton by 4.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 40,581 shares of the construction company's stock valued at $5,159,000 after purchasing an additional 1,650 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in D.R. Horton by 4.9% in the 1st quarter. Brandywine Global Investment Management LLC now owns 240,041 shares of the construction company's stock valued at $30,516,000 after buying an additional 11,147 shares in the last quarter. Finally, Aberdeen Group plc grew its holdings in D.R. Horton by 129.8% in the 1st quarter. Aberdeen Group plc now owns 164,583 shares of the construction company's stock valued at $20,760,000 after buying an additional 92,953 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DHI has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wells Fargo & Company upped their target price on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Wedbush increased their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, UBS Group increased their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Trading Down 3.0%

Shares of NYSE DHI traded down $4.9610 during mid-day trading on Wednesday, reaching $163.1490. 2,843,842 shares of the company's stock were exchanged, compared to its average volume of 3,806,181. The firm has a market capitalization of $48.64 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company's 50-day moving average is $139.91 and its 200-day moving average is $130.54.

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, beating 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 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 business posted $4.10 EPS. D.R. Horton'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. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

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.