Vest Financial LLC Reduces Position in D.R. Horton, Inc. $DHI

Vest Financial LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 19.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,875 shares of the construction company’s stock after selling 48,131 shares during the period. Vest Financial LLC’s holdings in D.R. Horton were worth $25,252,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DHI. Horizon Investments LLC increased its position in shares of D.R. Horton by 1.5% in the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock valued at $708,000 after purchasing an additional 83 shares during the last quarter. Franchise Capital Ltd increased its position in shares of D.R. Horton by 15.7% in the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after purchasing an additional 85 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of D.R. Horton by 4.2% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company’s stock valued at $322,000 after purchasing an additional 101 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of D.R. Horton by 1.0% in the 2nd quarter. Tectonic Advisors LLC now owns 10,356 shares of the construction company’s stock valued at $1,335,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction on 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 transaction, the chairman directly owned 815,672 shares of the company’s stock, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the firm’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 transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,376 shares of company stock valued at $5,898,848. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DHI shares. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a research report on Wednesday, July 23rd. Citigroup increased their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price objective 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. Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Finally, Bank of America dropped their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.54.

D.R. Horton Trading Down 0.1%

Shares of D.R. Horton stock opened at $151.30 on Monday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $195.50. 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 company has a market capitalization of $45.11 billion, a P/E ratio of 12.13, a PEG ratio of 3.15 and a beta of 1.40. The company’s fifty day moving average is $167.13 and its two-hundred day moving average is $141.03.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the firm posted $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. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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

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.