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

Vest Financial LLC cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 19.7% in the second quarter, according to its most recent disclosure 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 owned about 0.06% of D.R. Horton worth $25,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new position in D.R. Horton during the first quarter valued at $26,000. Bayforest Capital Ltd lifted its position in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC acquired a new position in D.R. Horton during the first quarter valued at $34,000. Ransom Advisory Ltd acquired a new position in D.R. Horton during the first quarter valued at $51,000. Finally, Adirondack Trust Co. lifted its position in D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the company’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 approximately $148,623,595.12. This represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the company’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. In the last quarter, insiders sold 32,376 shares of company stock valued at $5,898,848. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DHI. 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. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on shares of 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. Finally, Wedbush upped their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $156.54.

D.R. Horton Stock Down 0.1%

DHI stock opened at $151.30 on Monday. The stock has a market capitalization 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 firm has a 50-day simple moving average of $167.13 and a 200-day simple moving average of $141.03. 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. The business 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 company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

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.