D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC decreased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 89.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,646 shares of the construction company's stock after selling 65,369 shares during the quarter. Venturi Wealth Management LLC's holdings in D.R. Horton were worth $972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton in the first quarter worth approximately $26,000. Nemes Rush Group LLC lifted its position in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the 4th quarter valued at about $43,000. Oarsman Capital Inc. lifted its position in shares of D.R. Horton by 146.7% during the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after buying an additional 198 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of D.R. Horton during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 0.5%

NYSE:DHI traded up $0.76 during trading hours on Friday, hitting $145.46. The company had a trading volume of 3,708,392 shares, compared to its average volume of 4,832,295. The company has a market cap of $43.36 billion, a P/E ratio of 11.66, a P/E/G ratio of 3.16 and a beta of 1.38. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The company has a 50-day moving average of $128.00 and a 200 day moving average of $129.15.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. D.R. Horton's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.10 EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

Analyst Ratings Changes

Several research firms have commented on DHI. BTIG Research dropped their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday. Wedbush increased their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $153.23.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated 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 owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by corporate 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.