1,767 Shares in D.R. Horton, Inc. $DHI Purchased by Patton Fund Management Inc.

Key Points

• Patton Fund Management Inc. has purchased 1,767 shares of D.R. Horton, Inc. valued at approximately $228,000, marking a new investment in the construction company's stock.
• Institutional investors hold approximately 90.63% of D.R. Horton's stock, with significant increases in holdings from firms like Amundi and Allspring Global Investments.
• Despite a 7.4% year-over-year decline in revenue, D.R. Horton reported earnings of $3.36 per share for the latest quarter, exceeding analysts' expectations of $2.90.

Patton Fund Management Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,767 shares of the construction company's stock, valued at approximately $228,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in D.R. Horton by 1.9% in the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock valued at $4,279,706,000 after purchasing an additional 642,642 shares during the period. Dimensional Fund Advisors LP grew its holdings in D.R. Horton by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock valued at $446,093,000 after purchasing an additional 33,412 shares during the period. Invesco Ltd. grew its holdings in D.R. Horton by 23.1% in the first quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock valued at $320,421,000 after purchasing an additional 472,382 shares during the period. Amundi grew its holdings in D.R. Horton by 60.2% in the first quarter. Amundi now owns 2,176,211 shares of the construction company's stock valued at $266,811,000 after purchasing an additional 817,998 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 over the last quarter. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

NYSE:DHI opened at $169.90 on Tuesday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week 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 has a market capitalization of $50.65 billion, a P/E ratio of 13.62, a P/E/G ratio of 3.55 and a beta of 1.36. The stock's fifty day moving average is $163.93 and its two-hundred day moving average is $138.81.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the business earned $4.10 earnings per share. The company's revenue for the quarter 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. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on DHI shares. Bank of America raised their price objective on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wells Fargo & Company raised their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Royal Bank Of Canada raised their target price on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average target price of $158.23.

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.

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