Prime Capital Investment Advisors LLC Sells 1,000 Shares of D.R. Horton, Inc. $DHI

Prime Capital Investment Advisors LLC lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,174 shares of the construction company’s stock after selling 1,000 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in D.R. Horton were worth $538,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DHI. Olde Wealth Management LLC bought a new stake in D.R. Horton during the first quarter worth approximately $26,000. Bayforest Capital Ltd boosted 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 valued at $32,000 after acquiring an additional 194 shares during the period. Accredited Wealth Management LLC bought a new stake in D.R. Horton during the first quarter valued at about $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton during the 1st quarter valued at approximately $51,000. Finally, Adirondack Trust Co. boosted its stake in D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares during the period. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, 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 completion of the transaction, the chairman directly owned 815,672 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the director directly owned 1,193 shares of the company’s stock, valued at $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

NYSE:DHI opened at $151.30 on Friday. The company has a 50-day moving average of $167.13 and a 200-day moving average of $140.87. The company has a market capitalization of $45.11 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 3.14 and a beta of 1.40. 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.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is 12.83%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI set a $169.00 target price on D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday. Bank of America reduced 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. Wedbush increased their price target 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. Wells Fargo & Company increased their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Keefe, Bruyette & Woods increased their price target 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $156.54.

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.