10,390 Shares in D.R. Horton, Inc. $DHI Bought by Bayview Asset Management LLC

Key Points

• Bayview Asset Management LLC acquired 10,390 shares of D.R. Horton, valued at approximately $1.32 million, making it the 8th largest position in their portfolio.
• Insider trading revealed a significant sale by Director Michael R. Buchanan, who sold 2,150 shares at an average price of $127.70, reducing their ownership by nearly 50%.
• Following recent analyst upgrades, the stock's average rating is "Hold" with a consensus price target of $153.23, while its recent earnings exceeded expectations with an EPS of $3.36.

Bayview Asset Management LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,390 shares of the construction company's stock, valued at approximately $1,321,000. D.R. Horton accounts for approximately 0.6% of Bayview Asset Management LLC's portfolio, making the stock its 8th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Ieq Capital LLC lifted its holdings in shares of D.R. Horton by 15.8% during the 1st quarter. Ieq Capital LLC now owns 6,763 shares of the construction company's stock valued at $860,000 after acquiring an additional 923 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in D.R. Horton by 128.7% in the 1st quarter. CreativeOne Wealth LLC now owns 10,569 shares of the construction company's stock worth $1,344,000 after buying an additional 5,948 shares in the last quarter. TCM Advisors LLC lifted its holdings in D.R. Horton by 13.2% in the 1st quarter. TCM Advisors LLC now owns 6,000 shares of the construction company's stock worth $763,000 after buying an additional 700 shares in the last quarter. Redwood Investment Management LLC raised its stake in shares of D.R. Horton by 5.1% in the 1st quarter. Redwood Investment Management LLC now owns 10,711 shares of the construction company's stock valued at $1,362,000 after purchasing an additional 521 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of D.R. Horton by 9.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,975 shares of the construction company's stock valued at $378,000 after purchasing an additional 250 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Royal Bank Of Canada increased their price objective 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. Wedbush raised their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, UBS Group raised their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Stock Performance

NYSE:DHI traded up $0.75 during midday trading on Friday, reaching $169.66. The stock had a trading volume of 2,338,261 shares, compared to its average volume of 3,948,654. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The firm's fifty day simple moving average is $147.01 and its 200-day simple moving average is $132.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The stock has a market capitalization of $50.58 billion, a P/E ratio of 13.61, a PEG ratio of 3.60 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's payout ratio is currently 12.83%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company's stock.

About D.R. Horton

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.