D.R. Horton, Inc. $DHI Shares Purchased by Alaethes Wealth LLC

Key Points

• Alaethes Wealth LLC increased its stake in D.R. Horton, Inc. by 24.4%, acquiring an additional 2,077 shares, bringing its total holdings to 10,606 shares valued at approximately $1,348,000.
• Several analysts have raised their price targets for D.R. Horton, with Wells Fargo increasing it from $175 to $190 and UBS Group from $176 to $187, reflecting positive sentiment towards the company.
• D.R. Horton recently declared a quarterly dividend of $0.40 per share, resulting in an annualized yield of 0.9%, with a low payout ratio of 12.83%.

Alaethes Wealth LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,606 shares of the construction company's stock after purchasing an additional 2,077 shares during the period. Alaethes Wealth LLC's holdings in D.R. Horton were worth $1,348,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Edgestream Partners L.P. grew its position in D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after purchasing an additional 101,643 shares during the last quarter. MQS Management LLC purchased a new stake in D.R. Horton during the 1st quarter worth approximately $1,132,000. Leavell Investment Management Inc. grew its position in D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after purchasing an additional 549 shares during the last quarter. Exchange Traded Concepts LLC grew its position in D.R. Horton by 25.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after purchasing an additional 511 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG grew its position in D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Activity at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chairman owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,526 shares of company stock valued at $6,173,403. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DHI shares. Wedbush upped their price objective 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. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped 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 report on Thursday, July 24th. 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, UBS Group upped their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $154.38.

D.R. Horton Price Performance

DHI traded down $3.15 on Friday, reaching $177.86. 2,368,958 shares of the company's stock were exchanged, compared to its average volume of 3,510,389. The stock has a market cap of $53.02 billion, a PE ratio of 14.26, a P/E/G ratio of 3.84 and a beta of 1.36. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The stock's fifty day moving average price is $156.28 and its 200-day moving average price is $135.74. 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 announced 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. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the prior year, the company earned $4.10 EPS. D.R. Horton's revenue 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. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

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.