D.R. Horton, Inc. $DHI Shares Sold by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC reduced its stake in D.R. Horton by 40% in Q1 2023, maintaining 3,003 shares valued at approximately $382,000.
• D.R. Horton reported a quarterly EPS of $3.36, exceeding estimates by $0.46, despite a 7.4% year-over-year decline in revenue.
• The company announced a $0.40 quarterly dividend, resulting in an annualized yield of 0.9% and a payout ratio of 12.83%.

Van Hulzen Asset Management LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 40.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,003 shares of the construction company's stock after selling 2,003 shares during the quarter. Van Hulzen Asset Management LLC's holdings in D.R. Horton were worth $382,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Horizon Investments LLC raised its stake in D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after buying an additional 83 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of D.R. Horton by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 89 shares during the period. Aptus Capital Advisors LLC grew its stake in D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in D.R. Horton by 2.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after purchasing an additional 98 shares in the last quarter. Finally, Continuum Advisory LLC lifted 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 own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI traded down $0.83 on Wednesday, reaching $167.54. The company's stock had a trading volume of 2,793,425 shares, compared to its average volume of 3,821,596. 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 has a market capitalization of $49.95 billion, a P/E ratio of 13.44, a PEG ratio of 3.59 and a beta of 1.34. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The stock's 50 day simple moving average is $144.22 and its two-hundred day simple moving average is $131.60.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $8.80 billion. During the same quarter last year, the business earned $4.10 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast 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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 12.83%.

Wall Street Analysts Forecast Growth

DHI has been the subject of several research reports. UBS Group increased their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wedbush raised their target price 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. Keefe, Bruyette & Woods boosted their price target 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Royal Bank Of Canada lifted their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $153.23.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.54% of the company's stock.

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.