Integrated Advisors Network 13F: Cuts DHI Stake by $1.9M
Key Points
- Integrated Advisors Network reduced its D.R. Horton holding by 90.2% in an October 20, 2026 filing, leaving 1,492 shares worth $203,895.
- D.R. Horton posted trailing twelve month revenue of $33.35 billion with earnings of $10.49 per share.
- Several research firms updated their price targets ahead of the filing while investors eye the upcoming October 29, 2026 earnings report.
Since the filing, $DHI is down 0.8% to date (from the $140.17 close on Oct 20, 2026).
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Integrated Advisors Network reduced its stake in D.R. Horton, Inc. DHI by 90.2% during the recent quarter, according to a Form 13F filing disclosed on October 20, 2026. The fund sold 13,757 shares of the residential construction company, leaving it with 1,492 shares valued at approximately $203,895. D.R. Horton closed at $139.39 on October 16, 2026, and recently traded around $138.98 as of October 22, 2026.
DHI
D.R. Horton, Inc.
Integrated Advisors Network vs. the S&P 500
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What Changed in Integrated Advisors Network's D.R. Horton, Inc. Position
The fund previously held 15,249 shares before trimming the position down to 1,492 shares. That sharp 90.2% reduction left the firm with a much smaller footprint in the homebuilder. The remaining shares carried a reported value of $203,895 at the time of the filing.
Other Institutional Activity in D.R. Horton, Inc.
Allspring Global Investments Holdings cut its holdings by 937,470 shares, ending with 584,992 shares worth about $97.28 million.
D.R. Horton, Inc. Stock Up 0.7%
The stock recently changed hands at $138.98 on October 22, 2026, down about 0.3% from its close of $139.39 on October 16, 2026. D.R. Horton operates as a homebuilding company across multiple regions in the United States, acquiring land and building single-family and attached homes.
Recent Earnings
D.R. Horton generated trailing twelve month revenue of $33.35 billion and reported earnings of $10.49 per share. The company posted a net profit margin of 9.2% and a return on equity of 12.6%. Investors are tracking the company's upcoming earnings release on October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 3.0%. Revenue missed estimates by 1.5%.
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Profit surprise
EBITDA missed by 16 percent. Operating income missed by 12 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
7 target raises.
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Earnings quality
Gross margin down 2.0 points. Operating margin down 2.4 points. Positive free cash flow.
Earnings Call Summary
The company delivered a solid first quarter with $6.9 billion in revenue and $2.24 in earnings per share, beating profit expectations but falling short on sales. Orders rose 3 percent and community count jumped 12 percent year over year, reflecting broad expansion. However, management noted that incentives and rate buy-downs increased throughout the quarter and will weigh on second quarter margins, with the lowest fixed rate offer staying at 3.099 percent. Management remains cautious about affordability and demand uncertainty but feels positioned for the spring selling season.
Guidance D.R. Horton guided for about $33.5 billion to $35 billion in sales for all of fiscal 2026, with 86,000 to 88,000 homes closed. For next quarter they expect $7.3 billion to $7.8 billion in revenue and 19,700 to 20,200 closings, with gross margins of 19 to 19.5 percent because incentives are higher.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
The company pays an annual dividend rate of $1.80 per share with a payout ratio of 16.7%.
Analysts Set New Price Targets
On October 6, 2026, Melius Research initiated coverage with a Sell rating and a $128.00 price target. Citigroup maintained a neutral rating while lowering its target from $160.00 to $150.00 on October 15, 2026. RBC Capital maintained an underperform rating while lowering its target from $125.00 to $119.00 on October 15, 2026. Wells Fargo maintained an equal-weight rating and adjusted its target from $145.00 to $140.00 on October 16, 2026. StoneX initiated a hold rating on October 16, 2026.
About D.R. Horton, Inc.
D.R. Horton constructs residential homes across dozens of markets in the United States, focusing on both detached single-family houses and attached properties like townhomes. Its operations span land development and home sales across multiple regions.
Bottom Line
Market participants will watch the company's upcoming earnings report on October 29, 2026, for further insight into its financial health and construction demand. Institutional shifts and updated analyst price targets offer additional context for the stock's valuation.
Related Filing Alerts
Source: Integrated Advisors Network's 13F filing on $DHI (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts