Insider Selling: D.R. Horton (NYSE:DHI) Director Sells 1,000 Shares of Stock

D.R. Horton, Inc. (NYSE:DHI) Director Michael Buchanan sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the transaction, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

D.R. Horton Stock Up 2.9%

Shares of DHI opened at $181.25 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The firm’s 50 day moving average is $155.37 and its 200-day moving average is $135.38. The stock has a market capitalization of $54.03 billion, a PE ratio of 14.53, a P/E/G ratio of 3.73 and a beta of 1.36. 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 announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 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 analysts’ expectations of $8.80 billion. During the same period last year, the firm earned $4.10 earnings per share. The business’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. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. D.R. Horton’s dividend payout ratio (DPR) is currently 12.83%.

Institutional Trading of D.R. Horton

A number of hedge funds have recently added to or reduced their stakes in DHI. Bank Pictet & Cie Europe AG boosted its position in D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock valued at $44,626,000 after buying an additional 5,052 shares in the last quarter. Focus Partners Wealth boosted its position in D.R. Horton by 8.7% in the fourth quarter. Focus Partners Wealth now owns 32,697 shares of the construction company’s stock valued at $4,573,000 after buying an additional 2,627 shares in the last quarter. Humankind Investments LLC boosted its position in D.R. Horton by 13.6% in the fourth quarter. Humankind Investments LLC now owns 1,507 shares of the construction company’s stock valued at $211,000 after buying an additional 180 shares in the last quarter. Janus Henderson Group PLC boosted its position in D.R. Horton by 27.5% in the fourth quarter. Janus Henderson Group PLC now owns 46,083 shares of the construction company’s stock valued at $6,443,000 after buying an additional 9,950 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in D.R. Horton by 928.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 30,460 shares of the construction company’s stock valued at $4,259,000 after buying an additional 27,499 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several research 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 report on Sunday, July 20th. Wedbush raised their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted 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 note on Tuesday, September 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada lifted 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 note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $154.38.

D.R. Horton Company 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.