Quotient Wealth Partners LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 1,569 shares of the construction company’s stock, valued at approximately $202,000.
A number of other institutional investors have also modified their holdings of the stock. Mutual Advisors LLC increased its position in shares of D.R. Horton by 4.8% during the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after acquiring an additional 80 shares during the period. Horizon Investments LLC increased its position in shares of D.R. Horton by 1.5% during the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after acquiring an additional 83 shares during the period. Franchise Capital Ltd increased its position in shares of D.R. Horton by 15.7% during the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after acquiring an additional 85 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in shares of D.R. Horton by 2.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock worth $470,000 after acquiring an additional 98 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. increased its position in shares of D.R. Horton by 4.2% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company’s stock worth $322,000 after acquiring an additional 101 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at D.R. Horton
In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction that occurred 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 directly owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction 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 sale, the chairman owned 815,672 shares of the company’s stock, valued at $148,623,595.12. The trade was a 3.55% 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 over the last three months. Corporate insiders own 0.54% of the company’s stock.
D.R. Horton Price Performance
D.R. Horton (NYSE:DHI – Get Free Report) last announced its 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 net margin of 11.46% and a return on equity of 15.74%. D.R. Horton’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.
Analysts Set New Price Targets
DHI has been the topic of a number of research reports. Keefe, Bruyette & Woods raised 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. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a report on Wednesday, October 8th. Citigroup lifted their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. 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 report on Wednesday, July 23rd. Finally, Wedbush lifted their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $156.54.
View Our Latest Stock Report on D.R. Horton
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.
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