True North Advisors LLC Sells 3,245 Shares of D.R. Horton, Inc. (NYSE:DHI)

Key Points

• True North Advisors LLC reduced its stake in D.R. Horton, Inc. by 14.1% in the first quarter, now holding 19,847 shares valued at approximately $2.52 million.
• D.R. Horton reported $3.36 earnings per share, surpassing analysts' expectations of $2.90, despite a 7.4% decline in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of $0.40, with an ex-dividend date of August 7th, translating to an annualized yield of 1.0%.

True North Advisors LLC decreased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,847 shares of the construction company's stock after selling 3,245 shares during the period. True North Advisors LLC's holdings in D.R. Horton were worth $2,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Edgestream Partners L.P. grew its holdings in shares of D.R. Horton by 1,710.0% in the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after acquiring an additional 101,643 shares during the period. MQS Management LLC bought a new stake in shares of D.R. Horton in the first quarter worth $1,132,000. Leavell Investment Management Inc. grew its holdings in shares of D.R. Horton by 19.8% in the first quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after acquiring an additional 549 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of D.R. Horton by 25.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after acquiring an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG lifted its position in D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 1.6%

Shares of DHI stock opened at $156.35 on Friday. 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. The stock's 50 day simple moving average is $134.10 and its two-hundred day simple moving average is $129.73. The company has a market cap of $46.61 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 3.26 and a beta of 1.34.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the business posted $4.10 earnings per share. The company's quarterly revenue was down 7.4% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the 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 directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DHI shares. Bank of America lowered their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company lifted their target price on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Wedbush lifted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. 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 given a strong buy rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus target price of $153.23.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.