Insider Selling: D.R. Horton (NYSE:DHI) Director Sells 1,000 Shares of Stock

Key Points

• Director Selling: D.R. Horton Director Michael Buchanan sold 1,000 shares at an average price of $180.74, reducing his ownership by 45.60% and leaving him with 1,193 shares valued at $215,622.82.
• Stock Performance: D.R. Horton's shares dropped 3.3% to $177.94, with a fifty-two week trading range between $110.44 and $199.85.
• Dividend Announcement: The company recently declared a quarterly dividend of $0.40, yielding an annualized total of $1.60 and a payout ratio of 12.83%.

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) Director Michael Buchanan sold 1,000 shares of D.R. Horton stock in a transaction on 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 directly 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink.

D.R. Horton Trading Down 3.3%

Shares of NYSE DHI traded down $6.10 during trading on Tuesday, reaching $177.94. The stock had a trading volume of 3,834,143 shares, compared to its average volume of 3,794,653. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The business's 50-day moving average price is $152.69 and its 200-day moving average price is $134.41. The company has a market cap of $53.05 billion, a P/E ratio of 14.27, a PEG ratio of 3.87 and a beta of 1.36.

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 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 during the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the firm posted $4.10 earnings per share. The company's 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, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's payout ratio is presently 12.83%.

Institutional Trading of D.R. Horton

A number of institutional investors have recently bought and sold shares of DHI. Norges Bank purchased a new stake in D.R. Horton during the 2nd quarter worth about $494,278,000. Allspring Global Investments Holdings LLC increased its position in shares of D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after purchasing an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of D.R. Horton by 4,630.6% during the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after purchasing an additional 1,655,309 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of D.R. Horton during the second quarter worth about $191,491,000. Finally, Viking Global Investors LP increased its position in shares of D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company's stock worth $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on DHI. Wedbush lifted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wells Fargo & Company lifted 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. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.

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