Belpointe Asset Management LLC Sells 996 Shares of D.R. Horton, Inc. $DHI

Belpointe Asset Management LLC lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,600 shares of the construction company’s stock after selling 996 shares during the quarter. Belpointe Asset Management LLC’s holdings in D.R. Horton were worth $593,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DHI. DAVENPORT & Co LLC grew its stake in shares of D.R. Horton by 315.5% in the second quarter. DAVENPORT & Co LLC now owns 31,056 shares of the construction company’s stock worth $4,004,000 after purchasing an additional 23,582 shares during the last quarter. Clarius Group LLC bought a new stake in shares of D.R. Horton in the second quarter worth $232,000. AMF Tjanstepension AB bought a new stake in shares of D.R. Horton in the second quarter worth $9,391,000. 111 Capital grew its stake in shares of D.R. Horton by 23.1% in the second quarter. 111 Capital now owns 6,804 shares of the construction company’s stock worth $877,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of D.R. Horton by 148.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 204,233 shares of the construction company’s stock worth $26,330,000 after purchasing an additional 121,923 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Activity

In other news, Director Michael R. Buchanan sold 1,000 shares of the company’s 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 owned 1,193 shares in the company, valued at approximately $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were 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 in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,376 shares of company stock worth $5,898,848. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHI. Wells Fargo & Company boosted their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday. Citigroup boosted their target price 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. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. One 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. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target of $157.31.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $151.23 on Friday. The firm’s 50-day moving average price is $167.11 and its 200-day moving average price is $140.72. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The firm has a market capitalization of $45.08 billion, a P/E ratio of 12.13, a P/E/G ratio of 3.30 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 (NYSE:DHI) last announced its quarterly earnings data 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. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the business earned $4.10 earnings per share. The business’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. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

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.