Envestnet Portfolio Solutions Inc. Decreases Holdings in D.R. Horton, Inc. $DHI

Envestnet Portfolio Solutions Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 8,927 shares of the construction company’s stock after selling 125 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in D.R. Horton were worth $1,151,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 1st quarter worth approximately $26,000. Bayforest Capital Ltd boosted its stake in shares of D.R. Horton by 340.4% during the 1st 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 purchased a new stake in shares of D.R. Horton during the 1st quarter worth approximately $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton during the 1st quarter worth approximately $51,000. Finally, Adirondack Trust Co. boosted its stake 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 acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DHI shares. Wedbush lifted their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Royal Bank Of Canada lifted their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 23rd. Bank of America cut their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, UBS Group lifted their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” 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 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 a consensus rating of “Hold” and an average price target of $156.54.

D.R. Horton Trading Up 0.4%

Shares of DHI opened at $153.54 on Friday. The stock has a fifty day moving average of $167.08 and a two-hundred day moving average of $141.87. 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 company has a market capitalization of $45.77 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 3.19 and a beta of 1.40. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $195.50.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.D.R. Horton’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared 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 was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton’s payout ratio is 12.83%.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 1,193 shares in the company, valued at $215,622.82. This represents a 45.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Aron M. Odom sold 1,376 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following 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. Insiders sold a total of 32,376 shares of company stock worth $5,898,848 in the last ninety days. Insiders own 0.54% of the company’s stock.

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.