AG2R LA Mondiale Gestion D Actifs Purchases New Position in D.R. Horton, Inc. $DHI

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $1.28 million in D.R. Horton, Inc., acquiring 10,842 shares of the construction company in the first quarter.
• Several hedge funds have recently increased their holdings in D.R. Horton, reflecting strong institutional interest as they now own 90.63% of the company's stock.
• D.R. Horton's latest earnings report showed an EPS of $3.36, exceeding analysts' expectations, although revenue decreased by 7.4% compared to the previous year.

AG2R LA Mondiale Gestion D Actifs purchased a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,842 shares of the construction company's stock, valued at approximately $1,280,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Horizon Investments LLC boosted its holdings in D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after purchasing an additional 83 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after purchasing an additional 89 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in D.R. Horton by 2.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after purchasing an additional 98 shares during the period. Continuum Advisory LLC boosted its holdings in D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in D.R. Horton by 4.2% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock worth $322,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

D.R. Horton stock traded down $0.39 during midday trading on Tuesday, hitting $171.70. The company's stock had a trading volume of 3,131,628 shares, compared to its average volume of 3,437,585. 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 stock's 50-day moving average price is $157.91 and its 200-day moving average price is $136.37. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a market capitalization of $51.19 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 3.65 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS 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 firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the business earned $4.10 earnings per share. D.R. Horton's revenue for the quarter was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share 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. 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 annualized dividend and a yield of 0.9%. D.R. Horton's payout ratio is 12.83%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DHI. Royal Bank Of Canada boosted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. UBS Group boosted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wedbush boosted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $154.38.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,526 shares of company stock worth $6,173,403. 0.54% of the stock is owned by corporate insiders.

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.