US Bancorp DE Cuts Stock Position in D.R. Horton, Inc. $DHI

US Bancorp DE lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,038 shares of the construction company’s stock after selling 7,993 shares during the period. US Bancorp DE’s holdings in D.R. Horton were worth $13,671,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton in the 1st quarter valued at $26,000. Bayforest Capital Ltd raised its stake in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after acquiring an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new position in shares of D.R. Horton in the 1st quarter valued at $34,000. Ransom Advisory Ltd purchased a new position in shares of D.R. Horton in the 1st quarter valued at $51,000. Finally, Adirondack Trust Co. raised its stake in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $151.30 on Friday. The firm has a market cap of $45.11 billion, a P/E ratio of 12.13, a P/E/G ratio of 3.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The firm has a fifty day moving average of $167.13 and a two-hundred day moving average of $140.95.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the business earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton’s dividend payout ratio is currently 12.83%.

Insider Activity at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares of the company’s stock, valued at $148,623,595.12. This represents a 3.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were 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 approximately $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock valued at $5,898,848 in the last quarter. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Wedbush lifted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Bank of America dropped their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, UBS Group lifted 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $156.54.

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.