Atria Wealth Solutions Inc. Reduces Position in D.R. Horton, Inc. $DHI

Atria Wealth Solutions Inc. trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 59.7% during the second quarter, Holdings Channel reports. The fund owned 1,642 shares of the construction company’s stock after selling 2,435 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in D.R. Horton were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DHI. Olde Wealth Management LLC bought a new stake in D.R. Horton in the first quarter valued at about $26,000. Bayforest Capital Ltd increased its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in D.R. Horton in the first quarter valued at about $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton in the first quarter valued at about $51,000. Finally, Adirondack Trust Co. increased its holdings in D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock valued at $5,898,848 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

DHI opened at $158.11 on Thursday. The company has a market capitalization of $47.14 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 3.29 and a beta of 1.40. 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 1-year low of $110.44 and a 1-year high of $184.54. The business has a 50 day moving average price of $166.91 and a two-hundred day moving average price of $142.41.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. The firm 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%.The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 earnings per share. Research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on DHI shares. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Wedbush boosted their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Wells Fargo & Company lifted their target price on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada lifted their target price on D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $156.54.

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.