D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by AIA Group Ltd

Key Points

• AIA Group Ltd increased its stake in D.R. Horton, Inc. by 57.4%, owning 7,338 shares valued at approximately $933,000 as of the latest report.
• D.R. Horton reported earnings of $3.36 per share, surpassing expectations, with revenues of $9.23 billion for the quarter despite a year-over-year revenue decline of 7.4%.
• The company announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 1.0% and a payout ratio of 12.83%.

AIA Group Ltd grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 57.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,338 shares of the construction company's stock after buying an additional 2,676 shares during the period. AIA Group Ltd's holdings in D.R. Horton were worth $933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of D.R. Horton by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock worth $4,279,706,000 after buying an additional 642,642 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of D.R. Horton by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock worth $485,984,000 after buying an additional 72,161 shares during the last quarter. Northern Trust Corp grew its stake in shares of D.R. Horton by 15.8% in the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock worth $471,899,000 after buying an additional 460,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of D.R. Horton by 21.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock worth $374,312,000 after buying an additional 476,816 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in D.R. Horton by 23.1% during the 1st quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock valued at $320,421,000 after acquiring an additional 472,382 shares during the period. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DHI shares. UBS Group raised their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JMP Securities cut their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Wedbush boosted their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Barclays decreased their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, Bank of America decreased their price target on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average 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 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 completion of the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Up 1.2%

Shares of DHI traded up $2.02 during mid-day trading on Friday, hitting $165.92. 5,916,165 shares of the company's stock were exchanged, compared to its average volume of 3,803,679. The stock's 50-day moving average is $137.33 and its 200-day moving average is $130.15. The company has a market cap of $49.46 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 3.51 and a beta of 1.34. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

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 analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 EPS. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 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.