4,333 Shares in D.R. Horton, Inc. $DHI Purchased by IMS Capital Management

Key Points

• IMS Capital Management has acquired a new stake in D.R. Horton, Inc. by purchasing 4,333 shares, valued at approximately $559,000.
• The company reported earnings of $3.36 per share for the last quarter, surpassing analysts' expectations by $0.46, despite a 7.4% year-over-year revenue decline.
• D.R. Horton recently announced a quarterly dividend of $0.40, which indicates a 1.0% yield and a payout ratio of 12.83%.

IMS Capital Management purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,333 shares of the construction company's stock, valued at approximately $559,000.

Several other hedge funds have also recently bought and sold shares of the stock. Horizon Investments LLC grew its position in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock valued at $708,000 after purchasing an additional 83 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after buying an additional 98 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in D.R. Horton by 4.2% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock worth $322,000 after buying an additional 101 shares during the period. Cresset Asset Management LLC increased its position in D.R. Horton by 0.4% during the 1st quarter. Cresset Asset Management LLC now owns 27,063 shares of the construction company's stock worth $3,441,000 after buying an additional 102 shares during the period. Finally, Unison Advisors LLC lifted its holdings in shares of D.R. Horton by 0.3% during the first quarter. Unison Advisors LLC now owns 38,719 shares of the construction company's stock worth $4,922,000 after buying an additional 103 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE DHI opened at $166.20 on Wednesday. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $161.05 and a 200 day simple moving average of $137.69. The company has a market cap of $49.55 billion, a P/E ratio of 13.33, a PEG ratio of 3.48 and a beta of 1.36. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share 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 analyst estimates of $8.80 billion. During the same quarter last year, the company 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. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's dividend payout ratio is presently 12.83%.

Analysts Set New Price Targets

Several research firms recently commented on DHI. Wells Fargo & Company upped their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Keefe, Bruyette & Woods boosted 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 research report on Thursday, July 24th. Bank of America increased their target price on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. UBS Group boosted their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wedbush boosted 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $158.23.

Insider Activity at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the sale, the chairman owned 815,672 shares of the company's stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Aron M. Odom sold 1,376 shares of the business's 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 sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,376 shares of company stock worth $5,898,848. Corporate insiders own 0.54% of the company's stock.

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.

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