D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Private Advisory Group LLC

Key Points

• Private Advisory Group LLC significantly reduced its stake in D.R. Horton, Inc. by 94.0%, selling 27,375 shares and now holding only 1,747 shares valued at $222,000.
• The company recently reported earnings of $3.36 EPS for the quarter, exceeding expectations, although its revenue decreased by 7.4% year-over-year.
• D.R. Horton has a dividend yield of 1.1%, with a quarterly dividend of $0.40 announced for shareholders of record on August 7th.

Private Advisory Group LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 94.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,747 shares of the construction company's stock after selling 27,375 shares during the quarter. Private Advisory Group LLC's holdings in D.R. Horton were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Allspring Global Investments Holdings LLC grew its stake in shares of D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after buying an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of D.R. Horton by 4,630.6% in the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock valued at $214,984,000 after buying an additional 1,655,309 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after buying an additional 911,960 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after buying an additional 832,358 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of D.R. Horton by 676.4% in the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock valued at $105,779,000 after buying an additional 659,100 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Ratings Changes

DHI has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. UBS Group lifted their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Bank of America decreased their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Barclays decreased their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, The Goldman Sachs Group lowered their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Performance

Shares of DHI stock traded up $7.39 during trading hours on Friday, reaching $150.23. 7,146,625 shares of the company's stock were exchanged, compared to its average volume of 4,724,252. The company has a market cap of $44.79 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 3.19 and a beta of 1.34. The company's 50 day moving average is $130.51 and its two-hundred day moving average is $129.34. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. 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 issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton's dividend payout ratio is currently 12.83%.

Insider Buying and Selling at D.R. Horton

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 sale, the director owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

About D.R. Horton

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.