Ameriprise Financial Inc. Has $158.32 Million Stake in D.R. Horton, Inc. $DHI

Key Points

• Ameriprise Financial Inc. has decreased its holdings in D.R. Horton, Inc. by 2.2%, owning 1,245,400 shares valued at approximately $158.32 million.
• Multiple research firms have upgraded their ratings and price targets for D.R. Horton, with UBS raising its target to $187 and Wells Fargo to $175.
• D.R. Horton reported a quarterly earnings per share of $3.36, surpassing estimates by $0.46, despite a year-over-year revenue decline of 7.4%.

Ameriprise Financial Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,245,400 shares of the construction company's stock after selling 27,922 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.41% of D.R. Horton worth $158,322,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 valued at $4,279,706,000 after purchasing an additional 642,642 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of D.R. Horton by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock valued at $446,093,000 after purchasing an additional 33,412 shares during the last quarter. Northern Trust Corp boosted its stake in D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock worth $471,899,000 after acquiring an additional 460,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in D.R. Horton by 21.7% during 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 acquiring an additional 476,816 shares during the last quarter. Finally, Invesco Ltd. boosted 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 worth $320,421,000 after acquiring an additional 472,382 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. 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. 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. Wells Fargo & Company lifted their price objective 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. Royal Bank Of Canada lifted 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 note on Wednesday, July 23rd. Finally, 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 report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus target price of $153.23.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the business'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 transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Down 0.2%

Shares of NYSE DHI traded down $0.41 during midday trading on Friday, reaching $168.50. The company's stock had a trading volume of 840,278 shares, compared to its average volume of 3,795,431. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market capitalization of $50.23 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 3.56 and a beta of 1.34. The stock has a 50 day simple moving average of $146.10 and a 200-day simple moving average of $132.11.

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 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 company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the company earned $4.10 earnings per share. The firm'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. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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