Aberdeen Group plc Purchases 92,953 Shares of D.R. Horton, Inc. $DHI

Key Points

• Aberdeen Group plc increased its stake in D.R. Horton by 129.8% during the first quarter, owning a total of 164,583 shares valued at approximately $20.76 million.
• D.R. Horton recently reported a quarterly EPS of $3.36, exceeding estimates, and had a revenue of $9.23 billion, which was higher than analysts' expectations.
• The company announced a $0.40 quarterly dividend, representing an annual yield of 1.0%, and its current payout ratio stands at 12.83%.

Aberdeen Group plc boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 129.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 164,583 shares of the construction company's stock after buying an additional 92,953 shares during the period. Aberdeen Group plc owned approximately 0.05% of D.R. Horton worth $20,760,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of D.R. Horton by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock worth $446,093,000 after acquiring an additional 33,412 shares during the period. Horizon Investments LLC boosted its stake 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 buying an additional 83 shares during the period. Sei Investments Co. raised its stake in D.R. Horton by 0.4% in the first quarter. Sei Investments Co. now owns 656,302 shares of the construction company's stock valued at $91,476,000 after purchasing an additional 2,457 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of D.R. Horton by 26.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 7,695 shares of the construction company's stock worth $978,000 after acquiring an additional 1,622 shares during the period. Finally, OneAscent Investment Solutions LLC bought a new stake in D.R. Horton during the first quarter worth $507,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

NYSE DHI traded up $9.0870 during trading on Friday, reaching $170.9570. The company's stock had a trading volume of 3,892,659 shares, compared to its average volume of 3,813,097. The firm has a fifty day moving average of $141.38 and a 200 day moving average of $130.93. The stock has a market capitalization of $50.97 billion, a PE ratio of 13.70, a P/E/G ratio of 3.46 and a beta of 1.34. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. 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 posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the firm posted $4.10 earnings per share. The firm'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. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on DHI shares. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wedbush raised their price target 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. UBS Group boosted their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. One 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 stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $153.23.

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.