U.S. Capital Wealth Advisors LLC Decreases Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• U.S. Capital Wealth Advisors LLC reduced its holdings in D.R. Horton, Inc. by 26.3% in the second quarter, selling 4,314 shares and holding 12,071 shares worth $1,556,000.
• D.R. Horton reported strong quarterly earnings, achieving $3.36 per share, surpassing analyst expectations, with revenues of $9.23 billion.
• The company announced a quarterly dividend of $0.40, reflecting an annualized payout of $1.60 and a yield of 1.0%.

U.S. Capital Wealth Advisors LLC cut its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,071 shares of the construction company's stock after selling 4,314 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in D.R. Horton were worth $1,556,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Olde Wealth Management LLC bought a new position in D.R. Horton during the first quarter valued at $26,000. Bayforest Capital Ltd lifted its holdings in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after acquiring an additional 194 shares during the last quarter. Accredited Wealth Management LLC purchased a new position in D.R. Horton in the first quarter worth about $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton during the first quarter worth approximately $51,000. Finally, Adirondack Trust Co. raised its position in D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 1.2%

NYSE DHI opened at $166.20 on Wednesday. The stock has a market cap of $49.55 billion, a PE ratio of 13.33, a PEG ratio of 3.48 and a beta of 1.36. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. The company's 50-day moving average price is $161.05 and its 200-day moving average price is $137.69. 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 announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed 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 of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's dividend payout ratio is 12.83%.

Analyst Ratings Changes

A number of brokerages have recently commented on DHI. Wells Fargo & Company lifted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Bank of America lifted their price objective on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, September 18th. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. UBS Group raised their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $158.23.

Insiders Place Their Bets

In other news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the transaction, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company's stock, valued at $215,622.82. The trade was 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 ninety days. 0.54% of the stock is owned by company insiders.

D.R. Horton 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.