CX Institutional Cuts Stock Holdings in D.R. Horton, Inc. $DHI

CX Institutional reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,037 shares of the construction company’s stock after selling 259 shares during the period. CX Institutional’s holdings in D.R. Horton were worth $520,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG raised its holdings in D.R. Horton by 14.6% during the second quarter. Bank Pictet & Cie Europe AG now owns 366,101 shares of the construction company’s stock worth $47,198,000 after purchasing an additional 46,555 shares in the last quarter. Banque Pictet & Cie SA raised its holdings in D.R. Horton by 2.0% during the second quarter. Banque Pictet & Cie SA now owns 423,892 shares of the construction company’s stock worth $54,648,000 after purchasing an additional 8,251 shares in the last quarter. Retirement Guys Formula LLC grew its position in D.R. Horton by 7.1% during the second quarter. Retirement Guys Formula LLC now owns 13,006 shares of the construction company’s stock worth $1,677,000 after buying an additional 863 shares during the period. Legacy Solutions LLC grew its position in D.R. Horton by 6.7% during the second quarter. Legacy Solutions LLC now owns 2,471 shares of the construction company’s stock worth $319,000 after buying an additional 156 shares during the period. Finally, TD Private Client Wealth LLC grew its position in D.R. Horton by 32.9% during the second quarter. TD Private Client Wealth LLC now owns 1,700 shares of the construction company’s stock worth $219,000 after buying an additional 421 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director owned 1,193 shares in the company, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their target price 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. Bank of America upped their target price on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Wells Fargo & Company upped their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada upped their target price 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. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $158.23.

D.R. Horton Stock Up 1.4%

DHI stock opened at $167.29 on Friday. The company’s 50 day simple moving average is $163.15 and its 200-day simple moving average is $138.35. The firm has a market capitalization of $49.87 billion, a PE ratio of 13.42, a P/E/G ratio of 3.50 and a beta of 1.36. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. 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 (NYSE:DHI) last released 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 for 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 company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect 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 declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton’s dividend payout ratio is currently 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.