1832 Asset Management L.P. Acquires 436,934 Shares of D.R. Horton, Inc. $DHI

Key Points

• 1832 Asset Management L.P. significantly increased its stake in D.R. Horton by 2,824.2%, acquiring an additional 436,934 shares, bringing its total holdings to 452,405 shares valued at approximately $57.5 million.
• Several analysts have raised their price targets for D.R. Horton, with UBS lifting its target from $176.00 to $187.00 and maintained a "buy" rating, reflecting positive investor sentiment.
• D.R. Horton recently announced a quarterly dividend of $0.40 per share, which represents an annualized yield of 0.9%, and has a low dividend payout ratio of 12.83%.

1832 Asset Management L.P. raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2,824.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 452,405 shares of the construction company's stock after acquiring an additional 436,934 shares during the period. 1832 Asset Management L.P. owned about 0.15% of D.R. Horton worth $57,514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Compound Planning Inc. grew its position in D.R. Horton by 12.8% in the first quarter. Compound Planning Inc. now owns 8,647 shares of the construction company's stock valued at $1,099,000 after acquiring an additional 982 shares during the last quarter. Norinchukin Bank The grew its position in D.R. Horton by 13.3% in the first quarter. Norinchukin Bank The now owns 15,167 shares of the construction company's stock valued at $1,928,000 after acquiring an additional 1,780 shares during the last quarter. CW Advisors LLC grew its position in D.R. Horton by 79.3% in the first quarter. CW Advisors LLC now owns 18,551 shares of the construction company's stock valued at $2,361,000 after acquiring an additional 8,204 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of D.R. Horton by 0.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 417,728 shares of the construction company's stock worth $53,107,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Accredited Wealth Management LLC bought a new stake in shares of D.R. Horton during the first quarter worth about $34,000. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DHI. UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Wedbush boosted their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their price target on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $153.23.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

D.R. Horton Stock Performance

Shares of DHI stock opened at $170.7610 on Friday. The business's 50 day simple moving average is $142.34 and its 200 day simple moving average is $131.14. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock has a market capitalization of $50.91 billion, a PE ratio of 13.69, a PEG ratio of 3.44 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate 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 business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the prior year, the business posted $4.10 earnings per share. The firm's 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 earnings per share for the current year.

D.R. Horton Announces Dividend

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

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.

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