Sivia Capital Partners LLC Buys Shares of 2,340 D.R. Horton, Inc. $DHI

Key Points

• Sivia Capital Partners LLC purchased 2,340 shares of D.R. Horton, Inc. for approximately $302,000 during the second quarter, marking a significant investment in the construction company.
• Insider transactions include Director Michael R. Buchanan selling 1,000 shares for $180,740, while Chairman David V. Auld sold 30,000 shares for over $5.46 million, reflecting a decrease in their holdings.
• D.R. Horton reported a net margin of 11.46% with revenue of $9.23 billion, exceeding analyst expectations, although earnings were down compared to the same quarter last year.

Sivia Capital Partners LLC acquired 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 filing with the Securities and Exchange Commission. The fund acquired 2,340 shares of the construction company's stock, valued at approximately $302,000.

Other institutional investors have also modified their holdings of the company. Bank Pictet & Cie Europe AG increased its position in shares of D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the last quarter. State of Wyoming bought a new position in D.R. Horton in the fourth quarter worth approximately $308,000. Vident Advisory LLC lifted its holdings in shares of D.R. Horton by 8.5% in the fourth quarter. Vident Advisory LLC now owns 15,351 shares of the construction company's stock valued at $2,147,000 after purchasing an additional 1,203 shares in the last quarter. Waverly Advisors LLC lifted its holdings in D.R. Horton by 58.9% during the fourth quarter. Waverly Advisors LLC now owns 5,105 shares of the construction company's stock worth $714,000 after acquiring an additional 1,893 shares during the period. Finally, Continuum Advisory LLC raised its stake in shares of D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after buying an additional 100 shares during the period. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Bank of America increased their price target on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Wells Fargo & Company increased their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $158.23.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock worth $6,173,403 over the last ninety days. 0.54% of the stock is currently owned by insiders.

D.R. Horton Trading Down 0.8%

Shares of D.R. Horton stock traded down $1.41 during trading hours on Friday, hitting $168.20. The company's stock had a trading volume of 8,260,428 shares, compared to its average volume of 3,314,932. The business has a fifty day moving average of $159.76 and a 200 day moving average of $137.25. The company has a market capitalization of $50.14 billion, a PE ratio of 13.49, a P/E/G ratio of 3.60 and a beta of 1.36. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is currently 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.