SVB Wealth LLC Decreases Position in D.R. Horton, Inc. $DHI

Key Points

• SVB Wealth LLC reduced its holdings in D.R. Horton, Inc. by 31.1%, now owning 4,641 shares valued at $590,000.
• Multiple institutional investors have adjusted their stakes in D.R. Horton, with 90.63% of the company's stock currently held by institutional investors.
• D.R. Horton recently reported quarterly earnings of $3.36 EPS, exceeding estimates and indicating a revenue decline of 7.4% year-over-year.

SVB Wealth LLC lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 31.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,641 shares of the construction company's stock after selling 2,090 shares during the period. SVB Wealth LLC's holdings in D.R. Horton were worth $590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Allspring Global Investments Holdings LLC raised its stake in shares of D.R. Horton by 652.0% during 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 acquiring an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. raised its stake in 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 worth $214,984,000 after buying an additional 1,655,309 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 worth $116,544,000 after buying an additional 911,960 shares in the last quarter. Two Sigma Investments LP raised its stake in 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 worth $122,712,000 after buying an additional 832,358 shares in the last quarter. Finally, Nuveen LLC bought a new position in D.R. Horton in the first quarter worth approximately $98,382,000. Institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $1.48 during trading hours on Thursday, reaching $168.98. The stock had a trading volume of 2,531,611 shares, compared to its average volume of 3,813,751. The stock's 50 day moving average is $145.15 and its 200 day moving average is $131.84. The firm has a market capitalization of $50.37 billion, a PE ratio of 13.55, a PEG ratio of 3.58 and a beta of 1.34. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share 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 net margin of 11.46% and a return on equity of 15.74%. The company's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect 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 declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of 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. Wells Fargo & Company upped their price target on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wedbush upped their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $153.23.

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.