RKL Wealth Management LLC Reduces Holdings in D.R. Horton, Inc. $DHI

RKL Wealth Management LLC trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,738 shares of the construction company’s stock after selling 650 shares during the period. RKL Wealth Management LLC’s holdings in D.R. Horton were worth $1,127,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in D.R. Horton by 652.0% in 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 buying an additional 1,718,094 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of D.R. Horton by 4,630.6% in the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company’s stock worth $214,984,000 after acquiring an additional 1,655,309 shares during the period. Amundi grew its stake in shares of D.R. Horton by 60.2% in the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock worth $266,811,000 after acquiring an additional 817,998 shares during the period. Nuveen LLC bought a new stake in D.R. Horton during the first quarter valued at approximately $98,382,000. Finally, Vanguard Group Inc. grew its position in D.R. Horton by 1.9% during the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock valued at $4,279,706,000 after buying an additional 642,642 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 1.8%

Shares of D.R. Horton stock opened at $172.47 on Thursday. The firm’s 50 day moving average price is $164.73 and its 200-day moving average price is $139.25. The company has a market cap of $51.42 billion, a P/E ratio of 13.83, a PEG ratio of 3.59 and a beta of 1.40. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $195.50.

D.R. Horton (NYSE:DHI) 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 during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period last year, the business earned $4.10 EPS. D.R. Horton’s revenue for the quarter 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, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton’s payout ratio is 12.83%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DHI shares. Wells Fargo & Company boosted their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Bank of America upped their target price on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Wedbush upped their price target 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. Finally, UBS Group upped their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $160.00.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 1,000 shares of the business’s 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 owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is owned by corporate insiders.

About D.R. Horton

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.