D.R. Horton, Inc. $DHI Shares Sold by River Wealth Advisors LLC

River Wealth Advisors LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 84.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,956 shares of the construction company’s stock after selling 54,196 shares during the period. River Wealth Advisors LLC’s holdings in D.R. Horton were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Bayforest Capital Ltd grew its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC acquired a new position in shares of D.R. Horton during the 1st quarter valued at about $34,000. Hantz Financial Services Inc. boosted its holdings in D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $51,000. Finally, Adirondack Trust Co. increased its holdings in shares of D.R. Horton by 53.2% during 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 and hedge funds own 90.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director directly 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 transaction 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 that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. This represents a 3.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Performance

NYSE:DHI opened at $158.69 on Wednesday. The firm has a market capitalization of $46.35 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. The business’s fifty day moving average price is $154.06 and its 200 day moving average price is $148.15. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.D.R. Horton’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $3.92 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a $0.45 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, November 13th. D.R. Horton’s payout ratio is currently 15.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DHI shares. Wells Fargo & Company upped their price target on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup reissued a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Bank of America reduced 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 research report on Friday, October 10th. Finally, Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.15.

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.