Bruce G. Allen Investments LLC Sells 74 Shares of D.R. Horton, Inc. $DHI

Bruce G. Allen Investments LLC trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 14.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435 shares of the construction company’s stock after selling 74 shares during the period. Bruce G. Allen Investments LLC’s holdings in D.R. Horton were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock worth $4,279,706,000 after acquiring an additional 642,642 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in D.R. Horton by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company’s stock worth $446,093,000 after acquiring an additional 33,412 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in D.R. Horton by 21.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company’s stock valued at $374,312,000 after purchasing an additional 476,816 shares in the last quarter. Invesco Ltd. boosted its position in D.R. Horton by 23.1% during the first quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company’s stock valued at $320,421,000 after purchasing an additional 472,382 shares in the last quarter. Finally, Amundi boosted its position in D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after purchasing an additional 817,998 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 0.2%

D.R. Horton stock opened at $171.70 on Wednesday. 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 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market capitalization of $51.19 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 3.65 and a beta of 1.36. The business has a 50 day simple moving average of $157.91 and a 200-day simple moving average of $136.37.

D.R. Horton (NYSE:DHI) last issued its quarterly 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 return on equity of 15.74% and a net margin of 11.46%.The firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the business earned $4.10 earnings per share. The firm’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. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s payout ratio is presently 12.83%.

Analysts Set New Price Targets

DHI has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Wedbush raised their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price objective on 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. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada raised their price objective on D.R. Horton from $105.00 to $117.00 and gave the company 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 assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $154.38.

Insider Buying and Selling

In related news, Chairman David V. Auld sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was 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 directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 34,526 shares of company stock worth $6,173,403. 0.54% of the stock is owned by corporate insiders.

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.