Greenleaf Trust Sells 614 Shares of D.R. Horton, Inc. $DHI

Greenleaf Trust reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,748 shares of the construction company’s stock after selling 614 shares during the period. Greenleaf Trust’s holdings in D.R. Horton were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DHI. Horizon Investments LLC raised its position in D.R. Horton by 1.5% in the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after purchasing an additional 83 shares during the period. Sheaff Brock Investment Advisors LLC raised its position in D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock worth $470,000 after purchasing an additional 98 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in D.R. Horton by 4.2% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company’s stock worth $322,000 after purchasing an additional 101 shares during the period. Cresset Asset Management LLC raised its position in D.R. Horton by 0.4% in the 1st quarter. Cresset Asset Management LLC now owns 27,063 shares of the construction company’s stock worth $3,441,000 after purchasing an additional 102 shares during the period. Finally, Unison Advisors LLC raised its position in D.R. Horton by 0.3% in the 1st quarter. Unison Advisors LLC now owns 38,719 shares of the construction company’s stock worth $4,922,000 after purchasing an additional 103 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,376 shares of company stock valued at $5,898,848. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Trading Down 0.5%

Shares of DHI opened at $171.50 on Friday. The firm’s 50-day moving average price is $165.27 and its 200-day moving average price is $139.56. The firm has a market capitalization of $51.13 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 3.58 and a beta of 1.40. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter 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. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America lifted their target price on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Wells Fargo & Company boosted their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. UBS Group boosted 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. Finally, Royal Bank Of Canada boosted their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.00.

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.