Advisors Asset Management Inc. Increases Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Advisors Asset Management Inc. increased its stake in D.R. Horton, Inc. by 8.5% during the first quarter, bringing its total shares to 27,987 valued at approximately $3.56 million.
• Several analysts have raised their price targets for D.R. Horton, with Wells Fargo increasing its target from $175 to $190 and maintaining an "overweight" rating.
• D.R. Horton announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend of $1.60 and a yield of 0.9%.

Advisors Asset Management Inc. boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,987 shares of the construction company's stock after purchasing an additional 2,204 shares during the quarter. Advisors Asset Management Inc.'s holdings in D.R. Horton were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd grew its position in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth about $34,000. Alpine Bank Wealth Management purchased a new stake in shares of D.R. Horton in the 1st quarter worth about $61,000. Finally, Continuum Advisory LLC boosted its stake in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada upped their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. 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 research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and a consensus target price of $154.38.

Insider Activity at D.R. Horton

In other 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 sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

D.R. Horton Stock Performance

DHI opened at $181.68 on Friday. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. 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 cap of $54.16 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 3.76 and a beta of 1.36. The firm's 50-day moving average price is $151.59 and its 200-day moving average price is $133.92.

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

D.R. Horton Dividend Announcement

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

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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