D.R. Horton, Inc. $DHI Shares Acquired by Allstate Corp

Key Points

• Allstate Corp has increased its stake in D.R. Horton, Inc. by 26.6%, acquiring an additional 2,326 shares, bringing its total holdings to 11,071 shares valued at approximately $1.41 million.
• D.R. Horton reported earnings of $3.36 per share for its latest quarter, surpassing estimates and revealing a net margin of 11.46%, despite a 7.4% year-over-year revenue decline.
• Analysts have varied ratings on D.R. Horton, with a consensus rating of "Hold" and a target price of approximately $153.23, influenced by recent upward adjustments from major brokerages.

Allstate Corp increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,071 shares of the construction company's stock after purchasing an additional 2,326 shares during the period. Allstate Corp's holdings in D.R. Horton were worth $1,407,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC purchased a new position in D.R. Horton during the first quarter worth about $26,000. Bayforest Capital Ltd boosted its position in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in D.R. Horton during the first quarter worth approximately $34,000. Itau Unibanco Holding S.A. acquired a new stake in D.R. Horton during the fourth quarter worth approximately $43,000. Finally, Alpine Bank Wealth Management acquired a new stake in D.R. Horton during the first quarter worth approximately $61,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods raised 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. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wedbush increased their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, UBS Group increased their price target 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. 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 given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $153.23.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction 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 sale, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company's stock.

D.R. Horton Trading Up 0.9%

Shares of DHI stock traded up $1.48 during mid-day trading on Thursday, reaching $168.98. The company's stock had a trading volume of 2,531,056 shares, compared to its average volume of 3,808,952. The company's 50 day simple moving average is $145.15 and its 200-day simple moving average is $131.84. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month 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 firm has a market capitalization of $50.37 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 3.58 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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. 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 for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the firm posted $4.10 EPS. The business'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. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

D.R. Horton Company 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.