UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 211,259 Shares of D.R. Horton, Inc. $DHI

Key Points

• UBS Asset Management decreased its stake in D.R. Horton, Inc. by 7.9%, now holding 2,465,841 shares valued at approximately $313 million.
• D.R. Horton recently announced a $0.40 quarterly dividend, with an annualized yield of 0.9% and a low payout ratio of 12.83%.
• The company reported Q2 earnings per share (EPS) of $3.36, significantly surpassing expectations of $2.90, despite a 7.4% decline in revenue year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,465,841 shares of the construction company's stock after selling 211,259 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.80% of D.R. Horton worth $313,482,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DHI. Olde Wealth Management LLC acquired a new position in D.R. Horton in the 1st quarter worth approximately $26,000. Bayforest Capital Ltd lifted its holdings in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of D.R. Horton in the first quarter worth $34,000. Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton during the first quarter valued at $61,000. Finally, Continuum Advisory LLC raised its position in D.R. Horton by 25.8% during 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 and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Down 1.7%

NYSE DHI traded down $3.15 during trading on Friday, reaching $177.86. The company's stock had a trading volume of 2,368,958 shares, compared to its average volume of 3,510,389. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $53.02 billion, a PE ratio of 14.26, a PEG ratio of 3.84 and a beta of 1.36. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The business has a 50-day moving average price of $156.28 and a 200-day moving average price of $135.74.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the business posted $4.10 EPS. D.R. Horton's quarterly 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. On average, 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 declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's payout ratio is currently 12.83%.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 1,000 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the transaction, the chairman directly owned 815,672 shares in the company, valued at $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,526 shares of company stock worth $6,173,403. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DHI shares. UBS Group increased their price objective 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. Wells Fargo & Company upped their target price on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Wedbush upped their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $154.38.

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.