Sitrin Capital Management LLC Purchases 5,872 Shares of D.R. Horton, Inc. $DHI

Sitrin Capital Management LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,782 shares of the construction company’s stock after buying an additional 5,872 shares during the quarter. D.R. Horton makes up about 2.6% of Sitrin Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. Sitrin Capital Management LLC’s holdings in D.R. Horton were worth $5,000,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC bought a new position in D.R. Horton in the 1st quarter worth approximately $26,000. Bayforest Capital Ltd boosted its position in D.R. Horton by 340.4% in the 1st 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 position in D.R. Horton in the 1st quarter valued at $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton in the 1st quarter valued at $51,000. Finally, Adirondack Trust Co. boosted its position in D.R. Horton by 53.2% in the 2nd 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 institutional investors.

D.R. Horton Trading Down 1.6%

Shares of NYSE:DHI opened at $158.56 on Thursday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $166.94 and its 200 day simple moving average is $140.58. The firm has a market cap of $47.27 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.34 and a beta of 1.40.

D.R. Horton (NYSE:DHI) last issued 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. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the business posted $4.10 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s payout ratio is presently 12.83%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction on 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 sale, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,376 shares of company stock worth $5,898,848. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wedbush increased their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Royal Bank Of Canada raised 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 note on Wednesday, July 23rd. Citigroup raised their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company raised 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 note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $157.31.

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.