D.R. Horton, Inc. $DHI Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,906 shares of the construction company’s stock after selling 2,009 shares during the quarter. Fifth Third Bancorp’s holdings in D.R. Horton were worth $7,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DHI. Edgestream Partners L.P. raised its position in shares of D.R. Horton by 1,710.0% during the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company’s stock worth $13,678,000 after purchasing an additional 101,643 shares during the period. MQS Management LLC acquired a new stake in D.R. Horton during the 1st quarter worth about $1,132,000. Leavell Investment Management Inc. lifted its stake in D.R. Horton by 19.8% during the first quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company’s stock valued at $423,000 after buying an additional 549 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of D.R. Horton by 787.0% in the first quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after buying an additional 18,086 shares during the period. Finally, Swedbank AB increased its position in shares of D.R. Horton by 22.8% in the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after acquiring an additional 97,467 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Wedbush increased 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 raised their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 23rd. UBS Group upped their price target on D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price objective on D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $158.23.

D.R. Horton Stock Performance

Shares of DHI stock opened at $164.92 on Friday. The firm has a market cap of $49.16 billion, a P/E ratio of 13.22, a PEG ratio of 3.55 and a beta of 1.36. 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 fifty-two week low of $110.44 and a fifty-two week high of $195.50. The stock’s 50-day moving average is $162.44 and its two-hundred day moving average is $138.11.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton’s payout ratio is presently 12.83%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was 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 owned 815,672 shares of the company’s stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,376 shares of company stock valued at $5,898,848. Insiders own 0.54% of the company’s stock.

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.