True North Advisors LLC Reduces Holdings in D.R. Horton, Inc. $DHI

Key Points

• True North Advisors LLC has reduced its stake in D.R. Horton, Inc. by 20.4%, leaving it with 15,799 shares valued at approximately $2,037,000.
• D.R. Horton reported earnings of $3.36 per share, exceeding the consensus estimate of $2.90, despite a 7.4% decline in quarterly revenue compared to the previous year.
• The company's recent dividend announcement included a payment of $0.40 per share, resulting in an annualized yield of 1.0% and a payout ratio of 12.83%.

True North Advisors LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,799 shares of the construction company's stock after selling 4,048 shares during the quarter. True North Advisors LLC's holdings in D.R. Horton were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. raised its position in D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after purchasing an additional 101,643 shares during the last quarter. MQS Management LLC bought a new position in D.R. Horton during the 1st quarter valued at approximately $1,132,000. Leavell Investment Management Inc. raised its position in D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock valued at $423,000 after purchasing an additional 549 shares during the last quarter. Inspire Investing LLC raised its position in D.R. Horton by 787.0% during the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company's stock valued at $2,591,000 after purchasing an additional 18,086 shares during the last quarter. Finally, Swedbank AB raised its position in D.R. Horton by 22.8% during the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company's stock valued at $66,681,000 after purchasing an additional 97,467 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $164.92 on Friday. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $49.16 billion, a P/E ratio of 13.22, a PEG ratio of 3.55 and a beta of 1.36. The stock's 50 day moving average is $162.44 and its 200 day moving average is $138.11. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for 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 firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the 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. This represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 in the last 90 days. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DHI. Bank of America upped 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. Keefe, Bruyette & Woods increased their target price on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wedbush increased their target price 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 increased their target price 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 D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $158.23.

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.

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