Sonora Investment Management Group LLC Sells 5,234 Shares of D.R. Horton, Inc. $DHI

Key Points

• Sonora Investment Management Group LLC reduced its stake in D.R. Horton, Inc. by 67.6% in the 2nd quarter, selling 5,234 shares and leaving them with 2,504 shares valued at $323,000.
• D.R. Horton reported a net margin of 11.46% and earnings per share of $3.36 for the last quarter, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.40 per share, representing an annualized yield of 1.0%.

Sonora Investment Management Group LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 67.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,504 shares of the construction company's stock after selling 5,234 shares during the quarter. Sonora Investment Management Group LLC's holdings in D.R. Horton were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DHI. AdvisorNet Financial Inc boosted its stake in D.R. Horton by 215.3% in the 1st quarter. AdvisorNet Financial Inc now owns 722 shares of the construction company's stock worth $92,000 after purchasing an additional 493 shares during the period. GAMMA Investing LLC boosted its position in shares of D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after acquiring an additional 911,960 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of D.R. Horton by 20.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,924 shares of the construction company's stock valued at $499,000 after acquiring an additional 678 shares during the last quarter. Rhumbline Advisers boosted its position in shares of D.R. Horton by 7.4% during the 1st quarter. Rhumbline Advisers now owns 702,725 shares of the construction company's stock valued at $89,338,000 after acquiring an additional 48,242 shares during the last quarter. Finally, JGP Wealth Management LLC bought a new stake in shares of D.R. Horton during the 1st quarter valued at about $664,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 1.4%

NYSE DHI opened at $167.29 on Monday. 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, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50. The firm has a market capitalization of $49.87 billion, a PE ratio of 13.42, a P/E/G ratio of 3.55 and a beta of 1.36. The stock's 50 day moving average is $163.15 and its 200 day moving average is $138.51.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share 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 company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the company posted $4.10 earnings per share. The firm's 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 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's payout ratio is 12.83%.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director directly owned 1,193 shares of the company's stock, valued at approximately $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. UBS Group lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their price target 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. Bank of America lifted their price target on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. Finally, Wells Fargo & Company raised their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $158.23.

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.

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