Forvis Mazars Wealth Advisors LLC Sells 2,471 Shares of D.R. Horton, Inc. $DHI

Forvis Mazars Wealth Advisors LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,497 shares of the construction company’s stock after selling 2,471 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in D.R. Horton were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Olde Wealth Management LLC bought a new stake in D.R. Horton during the 1st quarter worth approximately $26,000. Bayforest Capital Ltd increased its holdings in 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 during the period. Accredited Wealth Management LLC bought a new stake in D.R. Horton during the 1st quarter worth approximately $34,000. Ransom Advisory Ltd bought a new position in shares of D.R. Horton in the 1st quarter worth $51,000. Finally, Adirondack Trust Co. increased its holdings in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after buying an additional 141 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DHI. Keefe, Bruyette & Woods increased their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Bank of America decreased their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Royal Bank Of Canada increased their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Wells Fargo & Company increased their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $156.54.

Insiders Place Their Bets

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total value 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. This trade represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 in the last quarter. Insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $153.54 on Monday. 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, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50. The firm’s fifty day moving average is $167.08 and its 200 day moving average is $142.01. The firm has a market cap of $45.77 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.19 and a beta of 1.40.

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

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.