NorthRock Partners LLC Has $569,000 Holdings in D.R. Horton, Inc. $DHI

NorthRock Partners LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,411 shares of the construction company’s stock after selling 82 shares during the quarter. NorthRock Partners LLC’s holdings in D.R. Horton were worth $569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth about $26,000. Bayforest Capital Ltd raised its holdings in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in D.R. Horton during the first quarter valued at approximately $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton in the first quarter valued at approximately $51,000. Finally, Adirondack Trust Co. increased its position in shares of D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after purchasing an additional 141 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly 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 three months, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DHI. Wells Fargo & Company increased their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research report on Wednesday, October 8th. UBS Group lifted their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Finally, Bank of America reduced their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $156.54.

D.R. Horton Price Performance

NYSE:DHI opened at $155.26 on Thursday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The firm’s 50-day simple moving average is $167.16 and its 200 day simple moving average is $141.42. The firm has a market cap of $46.28 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 3.26 and a beta of 1.40.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the business posted $4.10 EPS. The business’s revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. 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.