Eads & Heald Wealth Management Lowers Stake in D.R. Horton, Inc. $DHI

Eads & Heald Wealth Management trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 22.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,595 shares of the construction company’s stock after selling 3,014 shares during the quarter. Eads & Heald Wealth Management’s holdings in D.R. Horton were worth $1,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. NBC Securities Inc. purchased a new position in D.R. Horton in the 1st quarter worth about $114,000. Merit Financial Group LLC grew its holdings in D.R. Horton by 99.2% during the first quarter. Merit Financial Group LLC now owns 6,398 shares of the construction company’s stock valued at $813,000 after purchasing an additional 3,186 shares during the period. UMB Bank n.a. raised its stake in shares of D.R. Horton by 5.4% in the first quarter. UMB Bank n.a. now owns 5,769 shares of the construction company’s stock worth $733,000 after buying an additional 296 shares during the period. Wedmont Private Capital grew its stake in shares of D.R. Horton by 14.4% during the 1st quarter. Wedmont Private Capital now owns 8,617 shares of the construction company’s stock valued at $1,032,000 after acquiring an additional 1,087 shares during the period. Finally, OLD National Bancorp IN raised its stake in D.R. Horton by 5.9% during the 1st quarter. OLD National Bancorp IN now owns 3,476 shares of the construction company’s stock worth $442,000 after acquiring an additional 195 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 2.0%

NYSE DHI opened at $174.93 on Monday. The stock has a market cap of $52.15 billion, a PE ratio of 14.03, a PEG ratio of 3.63 and a beta of 1.40. 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 $165.86 and its 200-day moving average price is $140.01. 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) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $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 Announces Dividend

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

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman directly owned 815,672 shares in the company, valued at $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the transaction, the director directly owned 1,193 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their target price 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. Wedbush boosted their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $160.00.

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.